requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from energy. For each unit of output, manufacturing requires inputs of 0.20 unit from agriculture, 0.20 unit from manufacturing, and 0.30 unit from energy. For each unit of output, energy requires 0.20 unit from agriculture, 0.40 unit from manufacturing, and 0.40 unit from energy. Construct the consumption matrix for this economy, and determine what intermediate demands are created if agriculture plans to produce 100 units.
requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from energy. For each unit of output, manufacturing requires inputs of 0.20 unit from agriculture, 0.20 unit from manufacturing, and 0.30 unit from energy. For each unit of output, energy requires 0.20 unit from agriculture, 0.40 unit from manufacturing, and 0.40 unit from energy. Construct the consumption matrix for this economy, and determine what intermediate demands are created if agriculture plans to produce 100 units.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
at is the intermdiate demond of the agricultural,manufacutring,and energy sector

Transcribed Image Text:An economy is based on three sectors - agriculture, manufacturing, and energy. For each unit of output, agriculture
requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from energy. For each unit
of output, manufacturing requires inputs of 0.20 unit from agriculture, 0.20 unit from manufacturing, and 0.30 unit from
energy. For each unit of output, energy requires 0.20 unit from agriculture, 0.40 unit from manufacturing, and 0.40
unit from energy. Construct the consumption matrix for this economy, and determine what intermediate demands are
created if agriculture plans to produce 100 units.
Construct the consumption matrix.
Purchased from:
Agriculture
Manufacturing
Energy
(Type integers or decimals.)
Inputs Consumed per Unit of Output
Manufacturing
Agriculture
↑
C₁
↑
C₂
Energy
↑
C3
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