A Simple Economy Consists of Three Sectors: Agriculture (A), Manufacturing

question 50

Multiple Choice

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 Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products, $200 million worth of manufactured products, and $30 million worth of transportation.

• A) $372.45 million, $516.97 million and $110.32 million worth of agricultural products, manufactured goods and transportation respectively
• B) $372.45 million, $551.52 million and $130.28 million worth of agricultural products, manufactured goods and transportation respectively
• C) $355.50 million, $516.97 million and $130.28 million worth of agricultural products, manufactured goods and transportation respectively
• D) $355.50 million, $551.52 million and $110.32 million worth of agricultural products, manufactured goods and transportation respectively