Question: 8. [-/16 Points] DETAILS MY NOTES This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products,

8. [-/16 Points] DETAILS MY NOTES This exercise8. [-/16 Points] DETAILS MY NOTES This exercise
8. [-/16 Points] DETAILS MY NOTES This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $2,000 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $2,000 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) 1 2 3 4 From 1 11,937 S 109 355 2 26,649 1,285 4,744 3 439 51 4 5,423 10,952 3,002 216 Total Output | 97,795 120,594 14,642 47,473 Submit Answer6. [-/6 Points] DETAILS MY NOTES Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Equipment Components Equipment 5,900 600 From Components 23,000 28,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $91,000 million of electronic components. Round answers to two significant digits. equipment millions components $ millions

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