The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is gh is given. Agriculture Manufacturing Households What production levels are needed to meet the demand in agriculture, manufacturing, and households, respectively, given the demand matric shown? Production levels of units of agriculture, units of manufacturing, and units of households are needed (Round the final answer to the nearest whole number as needed Round all intermediate values to the nearest thousandth as needed) Agriculture Manufacturing Households 0.28 0.44 0.138 0.13 352 0.12 0.79 0.101 0.137 33 D 49 49 The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is gh is given. Agriculture Manufacturing Households What production levels are needed to meet the demand in agriculture, manufacturing, and households, respectively, given the demand matric shown? Production levels of units of agriculture, units of manufacturing, and units of households are needed (Round the final answer to the nearest whole number as needed Round all intermediate values to the nearest thousandth as needed) Agriculture Manufacturing Households 0.28 0.44 0.138 0.13 352 0.12 0.79 0.101 0.137 33 D 49 49
Expert Answer:
Answer rating: 100% (QA)
The demand matrix is Agriculture Manufacturing Households 43 50 75 To calcul... View the full answer
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
Students also viewed these economics questions
-
Find part B B. What production levels are needed to meet a demand of 29 units of agriculture, 34 units of manufacturing, and 40 units of households? To find the production levels needed to satisfy...
-
You are given an economy with three sectors only, namely; Service (S), industry (I) and agriculture (A). The service sector uses 30 ngwee of its own output and 50 ngwee of industry output to produce...
-
The following is a list of several terms. Complete each of the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all. a. The costs...
-
Consider a model of random interest rates R; between year i and i+1. The R, are i.i.d. random variables such that 1+ R; is LogNormal (0.03,0.0010) distributed. Suppose you deposit an amount of 4000...
-
Discuss the following statement: Major opportunities and threats usually result from an interaction among key environmental trends rather than from a single external event or factor.
-
The compound 2-bromobutane is a product of addition of HBr to three different alkenes. Identify the alkenes and write an equation for the reaction of HBr with one of the alkenes.
-
Monroe Bradstad borrowed \($100,000\) from his aunt, Jeanne Garland, to purchase farmland. Both parties subsequently signed a promissory note stipulating that interest would be accrued prior to or on...
-
The following balances were taken from the books of Parnevik Corp. on December 31, 2012. Assume the total effective tax rate on all items is 34%.InstructionsPrepare a multiple-step income statement;...
-
Using less human effort, less manufacturing space, less investment in tools, and less engineering time is the basic premise of Blank______. Multiple choice question. flexible manufacturing mass...
-
During 2001, many European markets for mobile phones reached saturation. Because of this, mobile phone operators started to shift their focus from growth and market share to cut-ting costs. One way...
-
What is the dollar amount of the largest customer account balance on the current date (12/15/2019)?
-
Programmers A and B have offices on the opposite ends of the same long, straight hallway. The offices are numbered sequentially in the hallway: Programmer A's office is number 1 and Programmer B's...
-
Dr. Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. The following represents selected data from recent financial statements of Dr. Popper...
-
Contribution margin per scarce resource Contribution margin formula = P - VC/q Contribution margin per scarce resource = CM / limited (scarce) resource 1. What is in our case scarce resource? > The...
-
1. What was Dam Blue Stuff? 2. How did the area get the name Comstock Load? 3. Who invented square formwork? 4. Did the inventor ever get a patient? 5. Who was William Sutro?
-
Explain what happens to the ion energy as the pressure is increased in a plasma etching system, and how does the etching profile of the etched structures change if the material is etched at a high...
-
(a) According to the De Broglie relation on wave-particle duality, the wavelength of electrons is a lot longer that the wavelength of photons. TRUE FALSE (b) In single-particle cryo-electron...
-
The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...
-
Use the values in the following table. 1. (a) Explain why the table defines y as a function of x. (b) State the domain and range of this function. (c) If the table expresses y = f (x), find f(0) and...
-
(a) If one more acre of land became available (for a total of 6001 acres), how would this change the co-op's planting strategy and its maximum profit? (b) Repeat part (a) if 8 more acres of land were...
-
For many species of fish, the length L and weight W of a fish are related by dW/dL = 3W/L The general solution to this differential equation expresses the allometric relationship between the length...
-
Because of the negative incentive effect that taxes have on goods with elastic supply, in the late 1980s Margaret Thatcher (then prime minister of Great Britain) changed the property tax to a poll...
-
Many of the buildings in Paris have Mansard roofs, such as those shown in the photograph on page 147. a. What property tax structure would bring this about? b. Could you imagine a change in the...
-
On September 29, 2008, the stock market fell almost 7%. How can we reconcile these kinds of huge losses in the stock market with the efficient market hypothesis?
Study smarter with the SolutionInn App