Question: pls see below for question : An economy is based on threesectors, agriculture,manufacturing, and energy. Production of adollar's worth of agriculture requires inputs of $0.30
pls see below for question :
An economy is based on threesectors, agriculture,manufacturing, and energy. Production of adollar's worth of agriculture requires inputs of $0.30 fromagriculture,$0.30 frommanufacturing, and $0.20 from energy. Production of adollar's worth of manufacturing requires inputs of $0.20 fromagriculture, $0.20 frommanufacturing, and $0.30 from energy. Production of adollar's worth of energy requires inputs of $0.30 fromagriculture, $0.40 frommanufacturing, and $0.30 from energy.
Find the output for each sector that is needed to satisfy a final demand of $27 billion foragriculture, $30 billion formanufacturing, and $75 billion for energy.
The output of the agricultural sector is ? billion dollars.
(Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places asneeded.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
