Question: QUESTION 2 The input-output table for a two-sector economy is given as follows: Input to Sector X input to Sector Y Final Demand Total output

QUESTION 2 The input-output table for a two-sector economy is given

QUESTION 2 The input-output table for a two-sector economy is given as follows: Input to Sector X input to Sector Y Final Demand Total output 15 25 10 Ouiput from Sector X Output from Sector Y 10 30 20 Value Added ? Total Input (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 fit-in entries denoted by ich Write the matrix of technical coefficients di Calculate the total output required from each sector if the final demand from Xand Y change to 35 and 42 respectively TTT Atat 3 (1201)

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