11 1 points wanefm6 45023 ask your teacher my notes

11. –/1 points WaneFM6 4.5.023.
Ask Your Teacher
My Notes
Two 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 following
value for ( I − A ) −1
( I − A ) −1
1.235 0.196
0.003 1.1678
.
Complete the following sentences.
(a) (No Response)
:
=
(b) 0.196 additional dollars worth of
.
12. –/1 points WaneFM6 4.5.025.
Ask Your Teacher

My Notes
This exercise requires the use of technology.
Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other
agricultural products, (3) forestry and fishery products, and (4) agricultural,
forestry, and fishery services. Suppose that in 1977 the input-output table involving
these four sectors was as follows (all figures are in millions of dollars).
Determine how these four sectors would react to an increase in demand for
livestock (Sector 1) of $2,000 million, how they would react to an increase in
demand for other agricultural products (Sector 2) of $2,000 million, and so on.
(Round your answers to two decimal places. Let the columns of the matrix be given
in millions of dollars.)
(No
Response)
2281.97
(No Response)
4.11
(No Response)
26.33
(No
Response)
41.73
(No
Response)
664.20
(No Response)
2094.67
(No Response)
52.10
(No
Response)
222.36
(No
Response)
0.25
(No Response)
0.25
(No Response)
2062.39
(No
Response)
2.69
(No
Response)
187.77
(No Response)
191.38
(No Response)
431.00
(No
Response)
2032.31
To 1 2 3 4
From 1 11,937 9 109 855
2 26,649 4,285 0 4,744
3 0 0 439 61
4 5,423 10,952 3,002 216
Total
Output
97,795 120,594 14,642 47,473
13. –/1 points WaneFM6 4.5.027.