A simple economy consists of three sectors: agriculture (A), manufacturing (
M), and transportation (
T).The input-output matrix for this economy is given by Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products, $300 million worth of manufactured products, and $20 million worth of transportation. Round each number to two decimal places, if necessary. $__________ million worth of agricultural products $__________ million worth of manufactured goods $__________ million worth of transportation

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 ​ Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products, $300 million worth of manufactured products, and $20 million worth of transportation. Round each number to two decimal places, if necessary. $__________ million worth of agricultural products $__________ million worth of manufactured goods $__________ million worth of transportation

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 ​ Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products, $300 million worth of manufactured products, and $20 million worth of transportation. Round each number to two decimal places, if necessary. $__________ million worth of agricultural products $__________ million worth of manufactured goods $__________ million worth of transportation

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