Agriculture, tourism. The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $ 0.20 from agriculture and $ 0.15 from tourism. Production of a dollar’s worth of tourism requires an input of $ 0.40 from agriculture and $ 0.30 from tourism. Find the output from each sector that is needed to satisfy a final demand of $ 60 million for agriculture and $ 80 million for tourism.
Agriculture, tourism. The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $ 0.20 from agriculture and $ 0.15 from tourism. Production of a dollar’s worth of tourism requires an input of $ 0.40 from agriculture and $ 0.30 from tourism. Find the output from each sector that is needed to satisfy a final demand of $ 60 million for agriculture and $ 80 million for tourism.
Agriculture, tourism. The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of
$
0.20
from agriculture and
$
0.15
from tourism. Production of a dollar’s worth of tourism requires an input of
$
0.40
from agriculture and
$
0.30
from tourism. Find the output from each sector that is needed to satisfy a final demand of
$
60
million for agriculture and
$
80
million for tourism.
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