Question
The economy of a coastal nation consists of three sectors; Energy, Manufacturing and Tourism. The input-output matrix for this economy is given in the displayed
The economy of a coastal nation consists of three sectors;
Energy, Manufacturing and Tourism. The input-output matrix for this economy is given in the displayed below
Energy Manufacturing Tourism
Agriculture 0.2 0.3 0.4
Energy 0.3 0.1 0.2
Tourism 0.1 0.05 0.01
a) Interpret the production matrix (1 marks)
b) If the units are measured in billions of shillings ascertain the amount of Energy consumed in the production of one hundred and fifty billion shillings worth of manufacturing? (1 marks)
c) If total output X =930B
650B
780B , evaluate the total industrial consumption? (4 marks)
d) Compute the autonomous demand (3marks)
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