Question: MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER United States Input Output Table This is requires the of technology Four sectors of the U.S. economy are
MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER United States Input Output Table This is requires the of technology Four sectors of the U.S. economy are (1) motor vehicles (2) truck and bus bodies, trailers, and motor vehicle parts, (3) aircraft and parts, and other transportationument Suppose that in 1998 the input-output table involving these four sectors was as follows (figures in millions of dollars) 1 4 1 75 1.092 0 1,207 2 64.858 13,081 2 1,070 From 0 D 21.782 0 4 0 D 1.375 Total Output 230,676135,108 129,376 44.133 Determine how these four sectors would react to a simultaneous increase in demand $2.500 million in every sector By how much in millions of dollars) would wach pector need to Increase production (Round answers to four significant digits.) Sector 1 million sector 2 5 million sector 3 ion sector 4 5 milion
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