An economy is based on two sectors, transportation and manufacturing. Production of a dollar's worth of transportation

Question:

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.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

Question Posted: