A simple economy consists of three sectors: agriculture (A), manufacturing (M), and transportation (T).The inputoutput matrix for this economy is given by

Question

Find the value of goods and transportation consumed in the internal process of production to satisfy a consumer demand

for $100 million worth of agricultural products, $100 million worth of manufactured products, and $30 million worth of

transportation.



a. $142.09 million, $88.09 million and $74.83 million worth of agricultural products, manufactured goods and

transportation respectively

b. $142.09 million, $80.16 million and $88.40 million worth of agricultural products, manufactured goods and

transportation respectively

c. $131.64 million, $88.09 million and $88.40 million worth of agricultural products, manufactured goods and

transportation respectively

d. $131.64 million, $80.16 million and $74.83 million worth of agricultural products, manufactured goods and

transportation respectively

Answer 1

d. $131.64 million, $80.16 million and $74.83 million worth of agricultural products, manufactured goods and
transportation respectively