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 $0.39 from agriculture and $0.44 from tourism. Production of a dollar's worth of tourism requires an input of $0.43 from agriculture and $ 0.28 from tourism. Find the output from each sector that is needed to satisfy a final demand of $40 million for agriculture and $74 million for tourism.
How do I determine the output forthe agriculture sector and the tourist sector? Is there a way to work this from a t81 calculator?
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