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Four Sectors of Some Economy Are (1) Sector 1, (2)

Question 1

Multiple Choice

Four sectors of some economy are (1) Sector 1, (2) Sector 2, (3) Sector 3, and (4) Sector 4. The input-output table involving these four sectors was as follows (all figures are in millions of dollars) :  To 1234 From 117130.6120.214.220190.155.712.632.940.21,418.11,24240.17.240.3326.4 Total Output 3,278.92,1896,541.34,065.3\begin{array} { | r | r | r | r | r | } \hline \text { To } &1 & 2 & 3 & 4 \\\hline \text { From } \mathbf { 1 } & 171 & 30.6 & 120.2 & 14.2 \\\hline \mathbf { 2 } & 0 & 190.1 & 55.7 & 12.6 \\\hline \mathbf { 3 } & 2.9 & 40.2 & 1,418.1 & 1,242 \\\hline \mathbf { 4 } & 0.1 & 7.2 & 40.3 & 326.4 \\\hline \text { Total Output } & 3,278.9 & 2,189 & 6,541.3 & 4,065.3 \\\hline\end{array} How much additional production by the Sector 1 is necessary to accommodate a $1,000 increase in the demand for the products of Sector 4 Please round your answer to two decimal places.


A) $12.78 million
B) $12.38 million
C) $12.58 million
D) $12.28 million
E) $12.08 million

Correct Answer:

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