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The following table is an aggregated version of US Department of Commerce, Bureau of Economic Analysis (BEA) 15-sector input-out table estimated for 2012 (See www.bea.gov/industry/io_annual.htm). In this table Mining, Utilities, and Construction industries are aggregated into one sector labeled MUC. Simi- larly, 9 different service sectors are aggregated into one called Ser. Other sectors are Agriculture (Ag), Manufacturing (Manu) and Government (Gov) (figures in millions of 2012 dollars).Table of Inter-sectoral Transactions US 2012
Ag.
MUC
Manu
Ser
Gov
Final Demand
Ag
86810
1502
270144
934112
2929
74554
8285
97899
648351
298770
114869
989442
80416
328561
1903440
370598
2021814
69030
302979
883549
5132521
667024
10670276
37
384
5597
76513
9537
2619157
(a) Use the table and calculate the matrix of inter-sectoral coefficients.
(b) Calculate the sectoral gross outputs if the new final demand vector for year 2013 is given asFDt = f74664 998445 2031426 10809234 28679201
(c) What is the percentage change in the GDP?
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