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 $54 billion for agriculture, $44 billion for manufacturing, and $33 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.)

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 $54 billion for agriculture, $44 billion for manufacturing, and $33 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.)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macroeconomics And The Self Regulating Economy

Section: Chapter Questions

Problem 10QP

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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 satisty a final demand of $15 billion for agriculture, $18 bilion for manutacturing, and $67 billion for energy. The output of the agricultural sector is bilion dollars. (Round the final answer to three decimal places as needed. Round al intermediate values to six decimal places as needed.)
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 $0.30 from agriculture, $0.40 from manufacturing, and $0.30 from energy. Find the output for each sector that is needed to satisfy a final demand of $42 billion for agriculture, $47 billion for manufacturing, and $40 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.) The output of the manufacturing sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal…
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