Question
The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input
The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.25 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.50 from agriculture and $0.31 from tourism. Find the output from each sector that is needed to satisfy a final demand of
$49 million for agriculture and $46 million for tourism.
The output from the agriculture sector is approximately
$_____
million.
(Round to the nearest million.)
The output from the tourism sector is approximately
$_____
million.
(Round to the nearest million.)
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