Two sectors of any country economy are (1) lumber and wood products and (2) paper and allied products. In 1998 the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Wood PaperFromWood 36,0007,000Paper 10017,000Total Output 120,000120,000?If external demand for lumber and wood products rises by $14,000 million and external demand for paper and allied products rises by $22,000 million, what increase in output of these two sectors is necessary? Round answers to two significant digits. ?

Question

A. increase in output of lumber and wood products is $22,137.71 million and increase in output of paper and allied products is $25,652.56 million
B. increase in output of lumber and wood products is $24,137.71 million and increase in output of paper and allied products is $28,652.56 million
C. increase in output of lumber and wood products is $21,137.71 million and increase in output of paper and allied products is $25,652.56 million
D. increase in output of lumber and wood products is $19,137.71 million and increase in output of paper and allied products is $23,652.56 million
E. increase in output of lumber and wood products is $22,137.71 million and increase in output of paper and allied products is $23,652.56 million

Answer 1

Answer: A