A hypothetical 2 sector economy has the following input-output relationship Technological Matrix A. A = Producer...

Transcribed Image Text:

A hypothetical 2 sector economy has the following input-output relationship Technological Matrix A. A = Producer P Q User P Q 0.3 0.2 0.5 0.4 Suppose final demand for a particular planning period is estimated as $50 per sector P and $80 for sector Q. a)Determine the level of output required for each sector so that both intermediate demand and final demand is satisfied. b) Determine the total worth of primary inputs for the production level in (a) c)Account for the usage of sector P output. d) Account for the sources of sector input. A hypothetical 2 sector economy has the following input-output relationship Technological Matrix A. A = Producer P Q User P Q 0.3 0.2 0.5 0.4 Suppose final demand for a particular planning period is estimated as $50 per sector P and $80 for sector Q. a)Determine the level of output required for each sector so that both intermediate demand and final demand is satisfied. b) Determine the total worth of primary inputs for the production level in (a) c)Account for the usage of sector P output. d) Account for the sources of sector input.