Two Sectors of Any Country Economy Are (1) Audio, Video

question 139

Short Answer

Two sectors of any country economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. In 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars): $$\begin{array} { | r | c | c | } \hline \text { To } & \text { Equipment } & \text { Components } \\\hline \text { From } \text { Equipment } & 8,000 & 700 \\\hline \text { Components } & 21,000 & 24,000 \\\hline \text { Total output } & 90,000 & 141,000 \\\hline\end{array}$$ ​
Determine the production levels necessary in these two sectors to meet an external demand for $80,000 million of communication equipment and $110,000 million of electronic components. Round answers to two significant digits.
Equipment Sector production approximately __________ million, Components Sector production approximately __________ million.
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Definitions:

Cross-lagged

A statistical technique used to analyze the directional relationships between variables at different points in time.

Cohort

A group of individuals with a shared characteristic, usually studied over a period of time to observe changes and effects within the group.

Respondents

Individuals who provide data or answers to a survey, questionnaire, or study.

Surveys

Research methods involving the collection of data from a predefined group of respondents to gather information and insights on various topics.