Economics 342 Homework #2 Monday, October 7, 2019 1. A research team .docx - Economics 342 Homework#2 Monday October 7 2019 1 A research team has

Economics 342 Homework #2 Monday, October 7, 2019 1. A research team .docx

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Economics 342 Homework #2 Monday, October 7, 2019 1. A research team has estimated the following Type-Il transactions table for Centralia (all figures in billions of dollars): Service 0 Manuf 125 Service Manuf Households Households Export 0. 200 0. Output 125 200 150 0 75 75 50 150 Imports Input 0 200 125 150 Calculate the input coefficient matrix (A) for Centralia. 2. An expansion of the XYZ Manufactuing Company is expected to increase Centralia's exports by $25 million dollars of final products every year. a. Using the input coefficients for Centralia, what are the first round increases for each Centralia industry? Second round? Third round? b. When the expansion is fully realized, what are the total gross increases in each sector in the new equilibrium of Centralia? 3. Your consulting firm, IO, Inc. has constructed the following Type-Il transactions table for Georgia (all figures in millions of dollars): Sector Ext Const. Manuf. Trade Services House Exports Total Outputs Extraction 183 Construction 1 4 Manufacturing 142 Trade 52 Services 102 Households 595 Imports 586 Total
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