The following is a country's economic transactions in 2020: there are 3 sectors namely Government (Gov), Agriculture
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Question:
The following is a country's economic transactions in 2020: there are 3 sectors namely Government (Gov), Agriculture (Agr) and Manufacturing (Man). Gov's final request of 75, Agr of 15 and Man of 30. Meanwhile, transactions between sectors can be seen in the following table:
Input | Output | |||
Gov | 60 | 75 | 90 | |
Agr | 75 | 15 | 45 | |
Man | 90 | 45 | 60 |
Recorded value add of each sector Gov. By 75, Agr. by 15, man. by 60 and final demand 45. In 2021 the Government plans a change in demand end. Where the final demand for Government is 150, Agriculture 30 and Manufacturing 60. While the added value in the final demand becomes 70. Define a new transaction matrix for 2021 with existing changing conditions!
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