Transportation, manufacturing. An economy is based on two sectors, transportation and manufacturing. Production of a dollar's worth of transportation requires an input of $ 0.10 from each sector and production of a dollar's worth of manufacturing requires an input of $ 0.40 from each sector. Find the output for each sector that is needed to satisfy a final demand of $ 5 billion for transportation and $ 20 billion for manufacturing.
Transportation, manufacturing. An economy is based on two sectors, transportation and manufacturing. Production of a dollar's worth of transportation requires an input of $ 0.10 from each sector and production of a dollar's worth of manufacturing requires an input of $ 0.40 from each sector. Find the output for each sector that is needed to satisfy a final demand of $ 5 billion for transportation and $ 20 billion for manufacturing.
Solution Summary: The author calculates that the output for transportation and manufacturing is needed to satisfy a final demand of 20 billion for manufacturing.
Transportation, manufacturing. An economy is based on two sectors, transportation and manufacturing. Production of a dollar's worth of transportation requires an input of
$
0.10
from each sector and production of a dollar's worth of manufacturing requires an input of
$
0.40
from each sector. Find the output for each sector that is needed to satisfy a final demand of
$
5
billion for transportation and
$
20
billion for manufacturing.
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Throughout, A, B, (An, n≥ 1), and (Bn, n≥ 1) are subsets of 2.
1. Show that
AAB (ANB) U (BA) = (AUB) (AB),
Α' Δ Β = Α Δ Β,
{A₁ U A2} A {B₁ U B2) C (A1 A B₁}U{A2 A B2).
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