Determine the amount of agricultural products consumed in

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Reference no: EM13471703

An input-output matrix for a three-sector economy/ A simple economy consists of three sectors: agriculture (A), Manufacturing (M), and transportation (T). The input-output matrix for this economy is given by:

A M T

A [0.4 0.1 0.1]

M [0.1 0.4 0.3]

T [0.2 0.2 0.2]

a. Determine the amount of agricultural products consumed in the production of $100 million worth of manufactured goods

Reference no: EM13471703

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