Agriculture, manufacturing, energy. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $ 0.20 from agriculture, $ 0.20 from manufacturing, and $ 0.20 from energy. Production of a dollar’s worth of manufacturing requires inputs of $ 0.40 from agriculture $ 0.10 from manufacturing, and $ 0.10 from energy. Production of a dollar's worth of energy requires inputs of $ 0.30 from agriculture, $ 0.10 from manufacturing, and $ 0.10 from energy. Find the output for each sector that is needed to satisfy a final demand of $ 10 billion for agriculture. $ 15 billion for manufacturing, and $ 20 billion for energy.
Agriculture, manufacturing, energy. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $ 0.20 from agriculture, $ 0.20 from manufacturing, and $ 0.20 from energy. Production of a dollar’s worth of manufacturing requires inputs of $ 0.40 from agriculture $ 0.10 from manufacturing, and $ 0.10 from energy. Production of a dollar's worth of energy requires inputs of $ 0.30 from agriculture, $ 0.10 from manufacturing, and $ 0.10 from energy. Find the output for each sector that is needed to satisfy a final demand of $ 10 billion for agriculture. $ 15 billion for manufacturing, and $ 20 billion for energy.
Solution Summary: The author calculates the output of the three sectors agriculture, manufacturing and energy that is needed to satisfy the given final demand.
Agriculture, manufacturing, energy. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of
$
0.20
from agriculture,
$
0.20
from manufacturing, and
$
0.20
from energy. Production of a dollar’s worth of manufacturing requires inputs of
$
0.40
from agriculture
$
0.10
from manufacturing, and
$
0.10
from energy. Production of a dollar's worth of energy requires inputs of
$
0.30
from agriculture,
$
0.10
from manufacturing, and
$
0.10
from energy. Find the output for each sector that is needed to satisfy a final demand of
$
10
billion for agriculture.
$
15
billion for manufacturing, and
$
20
billion for energy.
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