Homework Answers
A. From the above technology matrix we can conclude that,
The agricultural sector requires 0.26 units of agriculture, 0.42 units from manufacturing, and 0.109 units from households to produce 1 unit of agricultural product.
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The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is...
1 Find the input-output matrix, A, and the demand matrix, D, for this economy. A simplified econo...
1 Find the input-output matrix, A, and the demand matrix, D, for this economy. A simplified economy involves just three commodity categories agriculture, manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 14 unit of manufacturing and 1/5 unit of transportation; production of 1 unit of manufacturing requires 1/5 unit of agriculture and 1/5 The input-output matrix is unit of transportation; and production of 1 unit of transportation requires 13 unit of agriculture and 1/5...
An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth...
An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.40 from agriculture, $ 0.40 from manufacturing, and $0.20 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture, $0.30 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 $0.30 from energy. Find the output for each sector that is...
A simplified economy involves just three commodity categories-agriculture, manufacturing, and transportation, all in appropriate units. Production...
A simplified economy involves just three commodity categories-agriculture, manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 1/5 unit of manufacturing and 1/4 unit of transportation; production of 1 unit of manufacturing requires 1/4 unit of agriculture and 1/4 unit of transportation; and production of 1 unit of transportation requires 1/3 unit of agriculture and 1/4 unit of manufacturing. If the demand is 605 units of each commodity, how many units of each commodity should...
The economy of a small island nation is based on two sectors, agriculture and tourism. Production...
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.
-agriculture, About units of agriculture, units of manufacturing, and units of just three commodi...
-agriculture, About units of agriculture, units of manufacturing, and units of just three commodity categories manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 1/3 unit of manufacturing and 1/4 unit of transportation; production of 1 unit of manufacturing requires 1/4 unit of agriculture and 1/4 unit of transportation; and production of 1 unit of transportation requires 1/5 unit of agriculture and 1/4 unit of manufacturing. If the demand is 623 units of each commodity,...
1. An economy has two sectors: manufacturing and services. One unit of output from manufacturing requires inputs of 0.1 units from manufacturing and 0.8 units from ser- vices. One unit of output fro...
1. An economy has two sectors: manufacturing and services. One unit of output from manufacturing requires inputs of 0.1 units from manufacturing and 0.8 units from ser- vices. One unit of output from services requires inputs of 0.4 units from manufacturing and 0.2 units from services. The final demand is 4 units of manufacturing and 2 units of services (e) (3 points) W which sector corresponds to each column. rite down the consumption matrix for the economy. Clearly indicate (b)...
Question 6 (9 points) In a two sector economy, production of a dollar's worth of agriculture...
Question 6 (9 points) In a two sector economy, production of a dollar's worth of agriculture output requires an input of $0.40 from agriculture and $0.20 from manufacturing industry. Production of a dollar's worth of manufacturing output requires an input of $0.15 from agriculture and $0.30 from manufacturing industry. a. Find the necessary levels of output (in $ billions) by agriculture and manufacturing industries if there is also a surplus (final demand) of $16 billion for agriculture and $36 billion...
An economy has the following total transactions input-output matrix: Agriculture &nbs
An economy has the following total transactions input-output matrix: Agriculture Manufacturing Energy Services Agriculture 1.30 0.40 0.30 0.40 Manufacturing 0.40 1.50 0.40 0.40 Energy 0.30 0.50 1.20 0.60 Services 0.50 0.50 0.60 1.20 If final demand (say exports) of energy products rises by $ 300 billion, what will be the increase in output in each industry? In GDP? Calculate the GDEP multipliers for agriculture and manufacturing. In using the input-output model, what did you assume about input and output...
Question 4 with LinearAlgebra) Consider an economy consisting of 3 sectors: M (manufacturing), E (energy) and...
Question 4 with LinearAlgebra) Consider an economy consisting of 3 sectors: M (manufacturing), E (energy) and T (transposrtation'). The following is known about the required inputs in each of these sectors from the outputs of different sectors for production of yearly outputs xI, x2 and x3 in the sectors M, E and T, respectively )M requires a fraction o 0.5 fraction of the output of E, and 0.2 fraction of T (ii) E requires b fraction of itself, 0.3 fraction...
please tell thr output of the manufacture and the output of thr energy too An economy...
please tell thr output of the manufacture and the output of
thr energy too
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 $0.30 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture. $0.20 from manufacturing, and $0 20 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.30...
1 Find the input-output matrix, A, and the demand matrix, D, for this economy. A simplified economy involves just three commodity categories agriculture, manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 14 unit of manufacturing and 1/5 unit of transportation; production of 1 unit of manufacturing requires 1/5 unit of agriculture and 1/5 The input-output matrix is unit of transportation; and production of 1 unit of transportation requires 13 unit of agriculture and 1/5...
A simplified economy involves just three commodity categories-agriculture, manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 1/5 unit of manufacturing and 1/4 unit of transportation; production of 1 unit of manufacturing requires 1/4 unit of agriculture and 1/4 unit of transportation; and production of 1 unit of transportation requires 1/3 unit of agriculture and 1/4 unit of manufacturing. If the demand is 605 units of each commodity, how many units of each commodity should...
-agriculture, About units of agriculture, units of manufacturing, and units of just three commodity categories manufacturing, and transportation, all in appropriate units. Production of 1 unit of agriculture requires 1/3 unit of manufacturing and 1/4 unit of transportation; production of 1 unit of manufacturing requires 1/4 unit of agriculture and 1/4 unit of transportation; and production of 1 unit of transportation requires 1/5 unit of agriculture and 1/4 unit of manufacturing. If the demand is 623 units of each commodity,...
1. An economy has two sectors: manufacturing and services. One unit of output from manufacturing requires inputs of 0.1 units from manufacturing and 0.8 units from ser- vices. One unit of output from services requires inputs of 0.4 units from manufacturing and 0.2 units from services. The final demand is 4 units of manufacturing and 2 units of services (e) (3 points) W which sector corresponds to each column. rite down the consumption matrix for the economy. Clearly indicate (b)...
Question 6 (9 points) In a two sector economy, production of a dollar's worth of agriculture output requires an input of $0.40 from agriculture and $0.20 from manufacturing industry. Production of a dollar's worth of manufacturing output requires an input of $0.15 from agriculture and $0.30 from manufacturing industry. a. Find the necessary levels of output (in $ billions) by agriculture and manufacturing industries if there is also a surplus (final demand) of $16 billion for agriculture and $36 billion...
Question 4 with LinearAlgebra) Consider an economy consisting of 3 sectors: M (manufacturing), E (energy) and T (transposrtation'). The following is known about the required inputs in each of these sectors from the outputs of different sectors for production of yearly outputs xI, x2 and x3 in the sectors M, E and T, respectively )M requires a fraction o 0.5 fraction of the output of E, and 0.2 fraction of T (ii) E requires b fraction of itself, 0.3 fraction...
please tell thr output of the manufacture and the output of
thr energy too
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 $0.30 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture. $0.20 from manufacturing, and $0 20 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.30...
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