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The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and energy) is given below Complete parts (a) through (e) below.
The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and energy) is given below Complete parts (a) through (e) below. Agriculture Manufacturing Energy Agriculture 0.291 0.004 0.002 Manufacturing 0.013 0.202 0.017 Energy 0.056 0.008 0.209 (a) How many units from each sector does the energy sector require to produce 1 unit? The energy sector requires unit of agriculture, unit of manufacturing, and unit of energy (b) If the economy's production (in thousands of pounds) is 171,000 of agriculture, 71,000 of manufacturing, and 20,000 of energy, how much is available from each sector to satisfy the demand from consumers and others outside the production process? There are thousand pounds of agriculture. thousand pounds of manufacturing, and thousand pounds of energy available from each sector (Round to the nearest thousand pounds as needed) (e) The actual demand matrix is given below. How much must each sector produce to meet this demand? 138.254 D-17109 1,744 Production levels of thousand pounds of agriculture, thousand pounds of manufacturing, and thousand pounds of energy are needed (Do not und until the final answer Then round to the nearest thousand pounds as needed)
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