Question: QUESTIO 5 points Save Answer Final Demand Total output 15 ? The input-output table for a two-sector economy is given as follows: Input to Sector

QUESTIO 5 points Save Answer Final Demand Total output 15 ? The input-output table for a two-sector economy is given as follows: Input to Sector XInput to Sector Y Output from Sector 10 25 Output from Sector Y 20 30 Value Added ? 2 Total Input ? ? 10 ? (a). What is the basic assumption underlying the input-output model? (b). Use the basic assumption of the input-output model to complete the above table (fill-in entries denoted by "?"). (c). Write the matrix of technical coefficients. (d). Calculate the total output required from each sector, if the final demand from X and Y change to 35 and 42 respectively

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