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Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 2 0 % of its output to Lumber, 5 0 % to
Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells of its output to Lumber, to Energy, and retains the rest. Lumber sells of its output to Mining, to Energy, to Transportation, and retains the rest. Energy sells of its output to Mining, to Lumber,
to Transportation, and retains the rest. Transportation sells of its output to Mining, to Lumber, to Energy, and retains the rest.
a Construct the exchange table for this economy.
b Find a set of equilibrium prices for this economy.
a Complete the exchange table below.
Distribution of Output from:
tableMiningLumber Energy,Transportation,Purchased by:Mining,LumberEnergy,
Type integers or decimals.
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