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11.–/1 pointsWaneFM6 4.5.023.Ask Your TeacherMy NotesTwo sectors of the Australian economy are (1) textiles and (2) clothing and footwear.Suppose the 1977 input-output table involving these two sectors results in the followingvalue for (IA)−1(IA)−11.2350.1960.0031.1678.Complete the following sentences.(a)(No Response):=
My NotesThis exercise requires the use of technology.Four sectors of the U.S. economy are (1) livestock and livestock products, (2) otheragricultural products, (3) forestry and fishery products, and (4) agricultural,forestry, and fishery services. Suppose that in 1977 the input-output table involvingthese four sectors was as follows (all figures are in millions of dollars).Determine how these four sectors would react to an increase in demand forlivestock (Sector 1) of\$2,000million, how they would react to an increase indemand for other agricultural products (Sector 2) of\$2,000million, and so on.(Round your answers to two decimal places. Let the columns of the matrix be givenin millions of dollars.)(NoResponse)2281.97(No Response)4.11(No Response)26.33(NoResponse)41.73(NoResponse)664.20(No Response)2094.67(No Response)52.10(NoResponse)222.36(NoResponse)0.25(No Response)0.25(No Response)2062.39(NoResponse)2.69(NoResponse)187.77(No Response)191.38(No Response)431.00(NoResponse)2032.31To1234From111,9379109855226,6494,28504,7443004396145,42310,9523,002216TotalOutput97,795120,594 14,64247,47313.–/1 pointsWaneFM6 4.5.027.

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