An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculture...

     

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An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculture requires inputs of 0.30 unit from agriculture, 030 unit from manufacturing, and 0.30 unit from services For each unit of output, manufacturing requires inputs of 0.30 unit from agriculture, 0.20 unit from manufacturing, and 0 20 unit from services For each unit of output, services requires 0.20 unit from agriculture, 0.30 unit from manufacturing, and 0 30 unit from services Determine the production levels needed to satisfy a final demand of 0 units for agriculture, 50 units for manufacturing, and 0 units for services An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculture requires inputs of 0.30 unit from agriculture, 030 unit from manufacturing, and 0.30 unit from services For each unit of output, manufacturing requires inputs of 0.30 unit from agriculture, 0.20 unit from manufacturing, and 0 20 unit from services For each unit of output, services requires 0.20 unit from agriculture, 0.30 unit from manufacturing, and 0 30 unit from services Determine the production levels needed to satisfy a final demand of 0 units for agriculture, 50 units for manufacturing, and 0 units for services

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To determine the production levels we an setup a system of equations based on the gi... View the full answer