Question

please tell the output of the energy and manucfacture sector too

An economy is based on three sectors, agriculture, manufacturing, and energy Production of dollar's worth of agriculture requires inputs of $0.20 from aglar $0.40 from manufacturing and $0.20 trom wey Production de dolar's worth of manufacturing requires inputs of $0.30 from alulture, 50 20 from manufacturing, and 5020 from energy Production of a dollar's worth of energy reputs of $0.20 hom o , 10.30 tommercturing, and $0.30 from energy Find the oviput for each sector that is needed to satisfy a final demand of 575 billion for agriculture, 353 billion for manufacturing, and 523 Million for energy The output of the agricultural sector i ion dollars. (Round the final answer to three decimal places as needed. Round al intermediate values to six decimal places as needed)

Answer 1

Let say we only produced 1$ agriculture good ,so what is aggregate demand of this product.

0.2$ by agriculture sector ,0.3 by agriculture sector and 0.2$ by energy sector

Aggregate demand=0.2+0.3+0.2=0.9

Now put this in opposite direction, if we have 0.9$ demand of agriculture good ,how much production of agriculture good we needed

=0.9/0.9=1$

So

Aggregate demand of agriculture good =0.2+0.3+0.2=0.7 times of total agriculture production

Aggregate demand of manufacturing good=0.2+0.4+0.3=0.9 times of manufacturing production

Aggregate demand of energy=0.2+0.2+0.3=0.7 times of energy production

Now given agriculture aggregate demand=75 billion$

So aggregate required production of agriculture=75/0.7=107.14 billion$

Aggregate demand of manufacturing good=53

Required production of manufacturing good=53/0.9=58.89

Aggregate demand of energy=23

Required production=23/0.7=32.85