Below is the given Input-Output table: Intermediate Demand 10 in Billion Final Total Pesos (1994) Demand Demand (1) Agri
Posted: Thu May 05, 2022 6:21 am
Below is the given Input-Output table: Intermediate Demand 10 in Billion Final Total Pesos (1994) Demand Demand (1) Agri (2) Ind (3) Ser 57.5 201 2030 400 Intermediate (2) Input DEMEDEN 351.8 170 ? 1300 Ind DE (3) 95 150 292.6 1580 Ser Primary Input 202.5 597.2 1097.4 Total Input 400 1300 1580 1. (15 pts) Figure out the final demand. Next, solve for production level each sector must produce to satisfy the demand. 2. (15 pts) Suppose final demand for the agricultural sector increases by 5% and the industry sector decreases by 12%. What would happen to the total demand of each sector? Write down the Leontief system for this economy. (1) Agri 45