Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars).FromToEquipmentComponentsTotal OutputEquipment ComponentsNeed Help? Read It5,80023,00090,000400Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $89,000 million of electronic components.Round answers to two significant digits.$equipmentcomponents $X millionsX millions29,000140,000

The two sectors in the US economy produce audio, video communication, and electronic accessories.…

Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input- output table involving these two sectors was as follows (all figures are in millions of dollars). From To Equipment Components Equipment Components 23,000 90,000 Total Output 5,800 400 29,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits. equipment. $ x millions components $ x millions

Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input- output table involving these two sectors was as follows (all figures are in millions of dollars). From To Equipment Components Equipment Components 23,000 90,000 Total Output 5,800 400 29,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits. equipment. $ x millions components $ x millions

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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