Question: An industrial system involves manufacturing, transportation, and agriculture. The interdependence of the three industries is given by the input-output matrix At what levels must the

An industrial system involves manufacturing, transportation, and agriculture. The interdependence of the three industries is given by the input-output matrix

м т .3 .1] .4 .2 .2 .2 .1 .1 4

At what levels must the industries produce to satisfy a demand for $100 million worth of manufactured goods, $80 million of transportation, and $200 million worth of agricultural products?

.3 .1] .4 .2 .2 .2 .1 .1 4

Step by Step Solution

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Manufacturing 398 mil... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1385-M-S-L-P(2022).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!