Question: The input-output table for a two-sector economy is given as follows: Input to Sector X Input to Sector Y Final Demand Total output Output

The input-output table for a two-sector economy is given as follows: Input

QUESTION 5 5 points Save Answer A government agency wants to test an oil companys advertising claim according to which cars

The input-output table for a two-sector economy is given as follows: Input to Sector X Input to Sector Y Final Demand Total output Output from Sector X 10 25 15 Output from Sector Y 20 30 10 Value Added Total Input (a). What is the basic assumption underlying the input-output model? Use the basic assumption of the input-output model to complete the (b). above table (fill-in entries denoted by "?"). (c). Write the matrix of technical coefficients. (d). Calculate the total output required from each sector, if the final demand from X and Y change to 35 and 42 respectively. QUESTION 5 5 points Save Answer A government agency wants to test an oil company's advertising claim according to which cars will run the same miles on a tankful of its regular gas as on a tankful of a competitor's (more expensive and allegedly superior) gasohol. Twenty identical cars are randomly selected. Half are filled with gasoline and half with gasohol. The resulting mileages appear in the following Table. Make a Wilcoxon Rank-sum test at the 5 percent level of significance. TABLE: Miles Driven before Fuel Exhaustion On Gasoline (A) On Gasohol (B) 350 352 372 375 348 351 371 375 381 391 392 390 353 360 388 393 388 394 373 379 T TT Arial 3 (12pt) T II !!!

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