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Determine the total output required from each industry in order to meet both consumer and between-industry demand. Economy has three industries A, B, and C.
Determine the total output required from each industry in order to meet both consumer and between-industry demand. Economy has three industries A, B, and C. These industries have annual consumer sales of 30, 40, and 80 (in billions of dollars), respectively. For every dollar of goods A sells, A requires 20 cents of goods from B and 25 cents of goods from C. For each dollar of goods B sells, B requires 25 cents of goods from A and 30 cents of goods from C. For each dollar of goods C sells, C requires 10 cents of goods from A and 30 cents of goods from B. (Let a, b, and c denote the total output from each of A, B, and C, respectively. Round your answers to two decimal places.) (@, b, c)=
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