Question: Prove the following using EXCEL with the formulas and steps listed, Close 4.7 Leontief Input-Output Analysis Objective: Solve application prob... 13 of 14 (1 complete)

Prove the following using EXCEL with the formulas and steps listed,

Prove the following using EXCEL with the formulas and steps listed, Close

Close 4.7 Leontief Input-Output Analysis Objective: Solve application prob... 13 of 14 (1 complete) O correct X Bus Econ 4.7.37 Question Help The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.35 from agriculture and $0.40 from tourism. Production of a dollar's worth of tourism requires an input of $0.43 from agriculture and $0.12 from tourism. Find the output from each sector that is needed to satisfy a final demand of $42 million for agriculture and $47 million for tourism. The output from the agriculture sector is approximately $ 143 million. (Round to the nearest million.) The output from the tourism sector is approximately $ 118 million. (Round to the nearest million.)

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