This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $1,500 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $1,500 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) To 1 2 3 4 From 1 11,937 9 109 855 2 26,649 4,285 4,744 439 61 4 5,423 10,952 3,002 216 Total Output 97,795 120,594 14,642 47,473

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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This exercise requires the use of technology.
Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table
involving these four sectors was as follows (all figures are in millions of dollars).
Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $1,500 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $1,500 million, and so on. (Round
your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.)
To
1
2
3
4
From
1
11,937
9
109
855
2
26,649
4,285
4,744
439
61
4
5,423
10,952
3,002
216
Total Output
97,795 120,594
14,642 47,473
Transcribed Image Text:This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $1,500 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $1,500 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) To 1 2 3 4 From 1 11,937 9 109 855 2 26,649 4,285 4,744 439 61 4 5,423 10,952 3,002 216 Total Output 97,795 120,594 14,642 47,473
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