The​ input-output matrix for a simplified economy with just foursectors​ (natural resources,​ manufacturing, trade and​ services,and personal​ consumption) is given below. Suppose the demand​ (inmillions of​ dollars) matrix is matrix D given below. Find theamount each sector should produce.
| | | Natural nbsp Resources nbsp Resources | nbsp Manufacturing nbsp Manufacturing | nbsp Trade and nbsp Trade and Services | Personal nbsp Consumption nbsp Consumption | | | Upper D equals Start 4 By 1 Table 1st Row 1stColumn 451 2nd Row 1st Column 301 3rd Row 1st Column 126 4st Row1st Column 100 EndTableD= |
|---|
Natural Resources | | | 0.1044 | 0.0428 | 0.0028 | 0.0032 | | |
|---|
Manufacturing | | | 0.0826 | 0.1088 | 0.0584 | 0.0322 | | |
|---|
Trade and Services | | | 0.0867 | 0.1019 | 0.2033 | 0.3556 | | |
|---|
Personal ConsumptionPersonal Consumption | | | 0.6254 | 0.3449 | 0.6107 | 0.0799 | | |
|---|
Production levels of
units from natural​ resources,
units from​ manufacturing,
units from trade and​ services, and
units from personal consumption are needed.
​(Round to the nearest whole number as​ needed.)
