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An Economy has three interrelated industries namely V, W and X. The proportions of inputs required by each industry to produce a unit of output
- An Economy has three interrelated industries namely V, W and X. The proportions of inputs required by each industry to produce a unit of output are shown in the table.
Users | ||||
Producer | V | W | X | |
V | 0.2 | 0.5 | 0.3 | |
W | 0.2 | 0.1 | 0.3 | |
X | 0.4 | 0.3 | 0.3 |
The industry V receives 18,000 units of primary inputs, industry W receives 20,000 of primary inputs and industry X receives 25,000 of primary inputs. Determine the total output of each industry and their final demands.
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