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1. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.30 from agriculture,
1. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.30 from agriculture, $0.30 from manufacturing, and $0.20 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.20 from agriculture, $0.20 from manufacturing, and $0.30 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.40 from manufacturing, and $0.40 from energy. Find the output for each sector that is needed to satisfy a final demand of $17 billion for agriculture, $44 billion for manufacturing, and $36 billion for energy. The output of the agricultural sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places as needed.) The output of the manufacturing sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places as needed.) The output of the energy sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places as needed.) 2. The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.20 from agriculture and $0.25 from tourism. Production of a dollar's worth of tourism requires an input of $0.56 from agriculture and $0.20 from tourism. Find the output from each sector that is needed to satisfy a final demand of $44 million for agriculture and $90 million for tourism. The output from the agriculture sector is approximately $ million (Round to the nearest million.) The output from the tourism sector is approximately $ million. (Round to the nearest million.)
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