Question:

An economy is based on three sectors agriculture

Last updated: 3/16/2023

An economy is based on three sectors agriculture

An economy is based on three sectors agriculture manufacturing and energy Production of a dollar s worth of agriculture requires inputs of 0 30 from agriculture 0 30 from manufacturing and 0 20 from energy Production of a dollar s worth of manufacturing requires inputs of 0 20 from agriculture 0 20 from manufacturing and 0 30 from energy Production of a dollar s worth of energy requires inputs of 0 20 from agriculture 0 40 from manufacturing and 0 40 from energy Find the output for each sector that is needed to satisfy a final demand of 10 billion for agriculture 32 billion for manufacturing and 54 billion for energy The output of the agricultural sector is billion dollars Round the final answer to three decimal places as needed Round all intermediate values to six decimal places as needed