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The input-output (million dollar) table for a two-sector economy is given as follows: Input to sector A Input sector B Final Demand Total Output Output from Sector A 6 2 7 ? Output from Secto

  1. The input-output (million dollar) table for a two-sector economy is given as follows:
 

Input to sector A

Input sector B

Final Demand

Total Output

Output from Sector A

6

2

7

?

Output from Sector B

3

1

6

?

Other inputs

?

?

   

Total Input

?

?

   
  1. What is the basic assumption underlying the input-output model?
  2. Complete the above table (fill-entries denoted by ?).   
  3. Write the matrix of technical coefficients.
  4. Calculate the total output required from each sector when the final demands are 12 and 9 respectively.

Apr 21 2021 View more View Less

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