Wood and Paper Two sectors of the U.S. economy are (1) lumber and wood products and (2) paper and allied products. Suppose that in 1998 the input-output table involving these two sectors was as follows (all figures are in millions of dollars). То Wood Раper Wood 37,000 5,000 From Раper 100 18,000 Total Output 120,000 120,000 If external demand for lumber and wood products rises by $8,000 million and external demand for paper and allied products rises by $21,000 million, what increase in output (in dollars) of these two sectors is necessary? Round answers to two significant digits. wood $ millions раper $ millions

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Wood and Paper Two sectors of the U.S. economy are (1) lumber and wood products and (2) paper and allied products.
Suppose that in 1998 the input-output table involving these two sectors was as follows (all figures are in millions of dollars).
To
Wood
Раper
Wood
37,000
5,000
From
Раper
100
18,000
Total Output
120,000
120,000
If external demand for lumber and wood products rises by $8,000 million and external demand for paper and allied products
rises by $21,000 million, what increase in output (in dollars) of these two sectors is necessary? Round answers to two
significant digits.
wood
$
millions
раper
$
millions
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Transcribed Image Text:Wood and Paper Two sectors of the U.S. economy are (1) lumber and wood products and (2) paper and allied products. Suppose that in 1998 the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Wood Раper Wood 37,000 5,000 From Раper 100 18,000 Total Output 120,000 120,000 If external demand for lumber and wood products rises by $8,000 million and external demand for paper and allied products rises by $21,000 million, what increase in output (in dollars) of these two sectors is necessary? Round answers to two significant digits. wood $ millions раper $ millions Need Help? Watch It Read It
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