Multiple Choice
An economy is based on two sectors,agriculture and manufacturing.Production of a dollar's worth of agriculture requires an input of $0.40 from agriculture and $0.10 from manufacturing.Production of a dollar's worth of manufacturing requires an input of $0.20 from agriculture and $0.30 from manufacturing.Find the output for each sector that is needed to satisfy a final demand of $16 billion for agriculture and $32 billion for manufacturing.
A) $44 billion agriculture, $52 billion manufacturing
B) $36 billion agriculture, $56 billion manufacturing
C) $56 billion agriculture, $36 billion manufacturing
D) $52 billion agriculture, $44 billion manufacturing
Correct Answer:
Verified
Correct Answer:
Verified
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