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).

Question

To 
Wood
Paper
FromWood 
36,000
7,000
Paper 
100
17,000
Total Output 
120,000
120,000
?
If external demand for lumber and wood products rises by $10,000 million and external demand for paper and allied products rises by $9,000 million, what increase in output of these two sectors is necessary? Round answers to two significant digits.
Lumber and wood products__________Paper and allied products__________?

What will be an ideal response?

Answer 1

$15,160.73?; $10,500.16