Australia Economy Two sectors of the Australian economy are (1) textiles and (2) clothing and footwear. Suppose the 1977 input-output table involving these two sectors results in the following value for (I – A)-. 1.224 0.193 -1 (I – A) = 0.004 1.1695 Complete the following sentences. (a) additional dollars worth of clothing and footwear must be produced to meet a $1 increase in the demand for textiles. (b) 0.193 additional dollars worth of --Select--- V must be produced to meet a $1 increase in the demand for -Select---

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Australia Economy Two sectors of the Australian economy are (1) textiles and (2) clothing and footwear. Suppose the 1977 input-output table involving these two sectors results in the following value for (I – A)-.
1.224 0.193
-1
(I – A)
=
0.004 1.1695
Complete the following sentences.
(a)
additional dollars worth of clothing and footwear must be produced to meet a $1 increase in the demand for textiles.
(b) 0.193 additional dollars worth of
--Select---
V must be produced to meet a $1 increase in the demand for
-Select---
Transcribed Image Text:Australia Economy Two sectors of the Australian economy are (1) textiles and (2) clothing and footwear. Suppose the 1977 input-output table involving these two sectors results in the following value for (I – A)-. 1.224 0.193 -1 (I – A) = 0.004 1.1695 Complete the following sentences. (a) additional dollars worth of clothing and footwear must be produced to meet a $1 increase in the demand for textiles. (b) 0.193 additional dollars worth of --Select--- V must be produced to meet a $1 increase in the demand for -Select---
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