he technology matrix for an economy based on agriculture A and manufacturing Mis A M or alternatively M 1 1 1 A- 0.6 0.2 M- M 0.3 0.6 A- Find the output for each sector that is needed to satisfy a final demand of $44 million for agriculture and $30 million for manufacturing, using the alternative technology matrix CID The alternative technology matrix is 188) Use the alternative technology matrix to find the output for the agricultural sector that is needed milions of dollars Use the alternative technology matrix to find the output for the manufacturing sector that is needed. millions of dollars Using the original technology matrix, 236 millions of dollars of output from the agricultural sector satisfied the final demand. Using the original technology matrox 252 millions of dollars of output from the manufacturing sector satisfied the final demand. Discuss any differences in your calculations and in your answers O Different ways of looking at an economy should give afferent answers and different insights The matrices are not equivalent. It's a coincidencel

he technology matrix for an economy based on agriculture A and manufacturing Mis A M or alternatively M 1 1 1 A- 0.6 0.2 M- M 0.3 0.6 A- Find the output for each sector that is needed to satisfy a final demand of $44 million for agriculture and $30 million for manufacturing, using the alternative technology matrix CID The alternative technology matrix is 188) Use the alternative technology matrix to find the output for the agricultural sector that is needed milions of dollars Use the alternative technology matrix to find the output for the manufacturing sector that is needed. millions of dollars Using the original technology matrix, 236 millions of dollars of output from the agricultural sector satisfied the final demand. Using the original technology matrox 252 millions of dollars of output from the manufacturing sector satisfied the final demand. Discuss any differences in your calculations and in your answers O Different ways of looking at an economy should give afferent answers and different insights The matrices are not equivalent. It's a coincidencel

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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