A simple economy consists of three industries: agriculture, manifacturing and services.
The input-output matrix associated with this economy is
A M S
A 0.1 0.1 0.2
M 0.1 0.2 0.1
S 0.1 0.2 0.2

Find the gross output of goods needed to satisfy a consumer demand for 110 million dollars worth of agricultural products, 140 million dollars worth of manufactured products, and 180 million dollars worth of services.

Question

A simple economy consists of three industries: agriculture, manifacturing and services. 
The input-output matrix associated with this economy is
          A 	  M 	  S 
  A 	 0.1 	 0.1 	 0.2 
  M 	 0.1 	 0.2 	 0.1 
  S 	 0.1 	 0.2 	 0.2

Find the gross output of goods needed to satisfy a consumer demand for 110 million dollars worth of agricultural products, 140 million dollars worth of manufactured products, and 180 million dollars worth of services.

anonymous · Answer

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