Question
In: Advanced Math
This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock...
This exercise requires the use of technology.
Four sectors of the U.S. economy are (1) livestock and livestock
products, (2) other agricultural products, (3) forestry and fishery
products, and (4) agricultural, forestry, and fishery services.
Suppose that in 1977 the input-output table involving these four
sectors was as follows (all figures are in millions of
dollars).
Determine how these four sectors would react to an increase in
demand for livestock (Sector 1) of $1,000 million, how they would
react to an increase in demand for other agricultural products
(Sector 2) of $1,000 million, and so on. (Round your answers to two
decimal places. Let the columns of the matrix be given in millions
of dollars.)
| To | 1 | 2 | 3 | 4 |
| From 1 | 11,937 | 9 | 109 | 855 |
| 2 | 26,649 | 4,285 | 0 | 4,744 |
| 3 | 0 | 0 | 439 | 61 |
| 4 | 5,423 | 10,952 | 3,002 | 216 |
| Total Output | 97,795 | 120,594 | 14,642 | 47,473 |
Answer is a 4x4 Matrix and is NOT 0.182 or 0.878 for the first box in the matrix answer
Solutions
Colby Messinger answered 1 year agoRelated Solutions
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standard normal distribution. The cash operating expenses of the
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requires the use of either technology or a table of values of the
standard normal distribution.
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requires the use of either technology or a table of values of the
standard normal distribution.
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The input-output matrix for a simplified economy with just four sectors (natural resources, manufacturing, trade and...
The input-output matrix for a simplified economy with just four
sectors (natural resources, manufacturing, trade and services,
and personal consumption) is given below. Suppose the demand (in
millions of dollars) matrix is matrix D given below. Find the
amount each sector should produce.
Natural
nbsp Resources nbsp Resources
nbsp Manufacturing nbsp Manufacturing
nbsp Trade and nbsp Trade and
Services
Personal
nbsp Consumption nbsp Consumption
Upper D equals Start 4 By 1 Table 1st Row 1st
Column 451 2nd Row 1st...
These exercises use the normal probability density function and requires the use of either technology or...
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standard normal distribution.
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Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 15% of its...
Suppose an economy has four sectors: Mining, Lumber, Energy,
and Transportation. Mining sells
15%
of its output to Lumber,
70%
to Energy, and retains the rest. Lumber sells
5%
of its output to Mining,
50%
to Energy,
20%
to Transportation, and retains the rest. Energy sells
10%
of its output to Mining,
15%
to Lumber,
30%
to Transportation, and retains the rest. Transportation
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10%
of its output to Mining,
10%
to Lumber,
60%
to Energy, and retains the rest....
{Exercise 16.129} This exercise requires the use of a computer and software. Dataset: Height Income 68...
{Exercise 16.129}
This exercise requires the use of a computer and
software.
Dataset:
Height
Income
68
65
73
58
68
50
75
49
67
58
70
60
68
58
71
56
68
54
69
64
65
59
65
64
70
48
68
65
67
49
70
51
66
73
68
64
74
58
73
70
65
67
68
74
71
76
69
68
72
51
72
70
72
71
78
67
72
63
64
55
68
69
64
64
72...
1- For U.S. workers in tradable sectors such as manufacturing, the effect of globalization has been:...
1- For U.S. workers in tradable sectors such as manufacturing,
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B) to cause greater upward mobility for those workers while
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D) to reduce unemployment in this group while leaving wage rates
about the same.
2- A higher tax rate could result in lower tax...
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