An Underdeveloped Country Has an Agricultural Industry and a Manufacturing

question 213

Multiple Choice

An underdeveloped country has an agricultural industry and a manufacturing industry, with technology matrix A. ​ ​
Surpluses of 10 units of agricultural products and 609 units of manufactured products are desired. Find the gross production of each industry.
​

• A)agriculture = 160, manufacturing = 1210
• B)agriculture = 1340, manufacturing = 1210
• C)agriculture = 160, manufacturing = 1180
• D)agriculture = 1340, manufacturing = 1180
• E)agriculture = 170, manufacturing = 1210

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Definitions:

Annuity Due

An annuity for which the cash flows occur at the beginning of the period.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business, important for assessing liquidity, flexibility, and overall financial performance.

Interest Rate

The charge applied by a lender to a borrower for the employment of assets, indicated as a portion of the principal.