Question

Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars) Determine the production levels necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits. $113774 million $104168.2 X million 6,200 Components25,000 90,000 To Equipment Components 600 31,000 140,000 From Equipment Total Output