The relationship governing the intraindustrial and interindustrial sales and purchases of four basic industries - agriculture (A), manufacturing (M), transportation (T), and energy (E) - of a certain economy is given by the following input-output matrix.
A M T E How many units of energy are required to produce 2 units of all goods in the economy?
__________ units
Which sector of the economy is least dependent on the cost of energy?
__________
Correct Answer:
Verified
Q295: A simple economy consists of three sectors:
Q296: A simple economy consists of two industries:
Q297: In this problem matrix A is an
Q298: Matrix A is an input-output matrix associated
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