(3) Input-Output I Assume the following Input-Output Table depicts the inter-industrial relations of a city where, admittedly, people drink a lot of beer. Producers Inputs Steel Beer Local Households Exports Total (labor) Steel 30 20 10 0 200 260 Beer 30 60 20 240 10 360 Local 10 10 40 80 30 170 Labor 150 80 80 40 0 350 Imports 40 30 10 40 0 120 Total Inputs Steel = 260 Beer = 200 Local = 160 Labor = 400 Show the corresponding Input Coefficient Table (note, imports and export do not have to be identical). Input coefficient table = entries/total inputs Steel Beer Local Households (labor) Steel 0.12 0.10 0.06 0.00 Beer 0.12 0.30 0.13 0.60 Local 0.04 0.05 0.25 0.20 Labor 0.58 0.40 0.50 0.10 Imports 0.15 0.15 0.06 0.10 (4) Input-Output II Use the Input-Output Table above and suppose the beer industry enjoys a $100 increase in exports. Show the overall income increase in the steel industry, in the beer industry, for local businesses and the increase in labor income after 2 rounds (time periods). Note that this Table also shows intra-industrial trade. For instance, the steel industry also needs steel as an input. If the initial income impulse is $100, what is the overall income increase at Round 1, what is it at Round 2? Add up the all three numbers and calculate the overall income increase (This question requires some careful calculations). In these two rounds, how much has the initial impulse multiplied