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A simple economy consists of three industries: Agriculture (A), Mining (M) and Construction. The Technology Matrix for the economy is the following: .4.2.3 .1.3.6 .2.5.3

A simple economy consists of three industries: Agriculture (A), Mining (M) and Construction. The Technology Matrix for the economy is the following:

.4.2.3

.1.3.6

.2.5.3

(variable order is A M C in that order)

Presently, production of all three is at a level of 100 units. How much is left over for external demand? A =M =C=

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A simple economy consists of three industries: Agriculture (A), Mining (M) and Construction. The Technology Matrix for the economy is the following:

.4.2.3

.1.3.6

.2.5.3

(variable order is A M C in that order)

External demand is set to 100 units of all three, what level of production will meet this demand? specifically, how much agriculture is required?

Answer to three decimals accuracy!

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