Suppose that a simple economy consists of three sectors: Sector X, Y and Z. Given theinput-output table below for the 3 sectors.Sector XSector YSector ZExternal DemandSector X0.40.672Sector Y0.40.30.2150Sector Z0.10.458 4) Intepret the valve o.6 that id qreyed out in the takke.) To output a unit of sector Z, howof se ctor X requiredmanyunitsC) By uring Leontief Input-Dutpt Model, deteminethe production levels neceary to Satiity the final demand

(a) The value 0.6 that is greyed out in the table represents the proportion of goods or services…

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

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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Question

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

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