Question: Repeat Problem 33 with the following table: Problem 33 An economy is based on four sectors, agriculture (A),energy (E), labor (L), and manufacturing (M).The table
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Problem 33
An economy is based on four sectors, agriculture (A),energy (E), labor (L), and manufacturing (M).The table gives the input requirements for a dollar's worth of output for each sector, along with the projected final demand (in billions of dollars) for a 3-year period. Find the output for each sector that is needed to satisfy each of these final demands. Round answers to the nearest billion dollars.
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Output Final Demand A E L M 2 3 0.07 0.09 0.27 0.12 18 22 37 Input 0.14 0.07 0.2 0.24 26 31 42 L 0.17 0.06 0.02 0.21 12 19 28 0.15 0.13 0.31 0.19 41 45 49 Output Final Demand A E LM 2 3 A 0.0S 0.17 0.23 0.09 23 32 55 Input E 0.07 0.12 0.15 0.19 41 48 62 L 0.25 0.08 0.03 0.32 18 21 25 M 0.1 0.19 0.28 0.16 31 33 35
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The technology matrix is The inputoutput matrix equation is X MX D Where and D is the final demand ... View full answer
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