the valu that is greyed out in the table. units b) To output a unit of sector 2, how many of sector X is required? C) By uring Leontief Input-Output Model, determine the production levels necessary to satisfy the final demand

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that a simple economy consists of three sectors: Sector X, Y and Z. Given the
input-output table below for the 3 sectors.
Sector X
Sector Y
Sector Z
External Demand
Sector X
0.4
0.6
72
Sector Y
0.4
0.3
0.2
150
Sector Z
0.1
0.4
58
Transcribed Image Text:Suppose that a simple economy consists of three sectors: Sector X, Y and Z. Given the input-output table below for the 3 sectors. Sector X Sector Y Sector Z External Demand Sector X 0.4 0.6 72 Sector Y 0.4 0.3 0.2 150 Sector Z 0.1 0.4 58
4) Intepret the valve o.6 that id qreyed out in the takke.
) To output a unit of sector Z, how
of se ctor X required
many
units
C) By uring Leontief Input-Dutpt Model, detemine
the production levels neceary to Satiity the final demand
Transcribed Image Text:4) Intepret the valve o.6 that id qreyed out in the takke. ) To output a unit of sector Z, how of se ctor X required many units C) By uring Leontief Input-Dutpt Model, detemine the production levels neceary to Satiity the final demand
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