Refer to an economy that is divided into three sectorsmanufacturing, agriculture, and services. For each unit of
Question:
Refer to an economy that is divided into three sectors—manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes .10 unit from services, .60 unit from manufacturing, but no agricultural products.
Determine the production levels needed to satisfy a final demand of 18 units for agriculture, with no final demand for the other sectors.
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Solve the equation x Cxd for d X1 dxCx x X3 10 60 ...View the full answer
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Related Book For 
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
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