A simple economy consists of three sectors: agriculture (A), manufacturing (
M), and transportation (
T). The input-output matrix for this economy is given by A M T If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $300 million worth of manufactured goods. $ __________ million

Question

A simple economy consists of three sectors: agriculture (A), manufacturing (
M), and transportation (
T). The input-output matrix for this economy is given by ​ A M T If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $300 million worth of manufactured goods. $ __________ million

Quizplus · Accepted Answer

The Answer of A simple economy consists of three sectors: agriculture (A), manufacturing (
M), and transportation (
T). The input-output matrix for this economy is given by ​ A M T If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $300 million worth of manufactured goods. $ __________ million

A Simple Economy Consists of Three Sectors: Agriculture (A), Manufacturing