An Economy Has a Manufacturing Industry and a Banking Industry

question 53

Multiple Choice

An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.4 unit of manufacturing and 0.1 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. Write the technology matrix for this economy. (M, manufacturing industry; B, banking industry) ​

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Definitions:

Computer Programmer

A computer programmer is a professional skilled in writing, testing, and maintaining code that enables software and applications to function.

Psychologically

Pertaining to the study of the mind and behavior, or relating to mental processes and emotional responses.

Unemployment Rate

The proportion of people in the workforce who are unemployed and seeking work actively.

Employed

The state of having a paid job or being engaged in a profitable activity.