Two sectors of any country economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. In 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars) :
Determine the production levels necessary in these two sectors to meet an external demand for $60,000 million of communication equipment and $90,000 million of electronic components. Round answers to two significant digits.
A) Equipment Sector production approximately $64,195.33 million, Components Sector production approximately $154,804.67 million.
B) Equipment Sector production approximately $67,195.33 million, Components Sector production approximately $154,804.67 million.
C) Equipment Sector production approximately $64,195.33 million, Components Sector production approximately $144,804.67 million.
D) Equipment Sector production approximately $67,195.33 million, Components Sector production approximately $144,804.67 million.
E) Equipment Sector production approximately $144,804.67 million, Components Sector production approximately $64,195.33 million.
Correct Answer:
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