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Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A . A O A = 0.4
Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A.
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(a) If surpluses of 0 units of agricultural products and 600 units of oil products are desired, find the gross production of each industry.
| agricultural products: | _____ units |
| oil products: | _____ units |
(b) Find the additional production needed from each industry for 1 more unit of oil products surplus.
| agricultural products: | ______ units |
| oil produts: _______ units |
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