The? input-output matrix for a simplified economy with just three sectors? (agriculture, manufacturing, and? households) is given...

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Advance Math

The? input-output matrix for a simplified economy with justthree sectors? (agriculture, manufacturing, and? households) isgiven below.
??????? ? Agriculture Manufacturing Households
Agriculture
Manufacturing
Households
0.29
0.44
0.105
0.12
0.11
0.115
0.76
3.53
0.123
A.??How many units from each sector does the agriculture sectorrequire to produce 1? unit?
The agriculture sector requires ___units from? agriculture,units from? manufacturing, and _units from households.
B.??What production levels are needed to meet a demand of 32units of? agriculture, 34 units of? manufacturing, and 34 units of?households?
Production levels of __units of? agriculture,_units of?manufacturing, and _units of households are needed.???(Round tothe nearest whole number as? needed.)
C.??How many units of manufacturing are used up in the?economy's production? process?
The? economy's production process uses up_ units ofmanufacturing.
?(Round to the nearest whole number as? needed.)

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4.3 Ratings (641 Votes)

A see column 1 of matrix The agriculture sector requires 029 units from agriculture 012 units from manufacturing and 076 units from households B The agriculture sector 32 See Answer

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