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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 $0.33 from agriculture and $0.48 from tourism. Production of a dollar's worth of tourism requires an input of $0.34 from agriculture and $0.29 from tourism. Find the output from each sector that is needed to satisfy a final demand of $33 million for agriculture and $53 million for tourism. The output from the agriculture sector is approximately $ million (Do not round until the final answer. Then round to the nearest million as needed.) The output from the tourism sector is approximately $million (Do not round until the final answer. Then round to the nearest million as needed.)
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