A simple economy consists of two industries: agriculture and manufacturing. The production of 1 unit of agricultural products requires the consumption of 0.1 unit of agricultural products and 0.1 unit of manufactured goods. The production of 1 unit of manufactured products requires the consumption of 0.1 unit of agricultural products and 0.4 unit of manufactured goods. Find the gross output of goods needed to satisfy a consumer demand for $140 million worth of agricultural products and $140 million worth of manufactured products. Round answers to the nearest tenth, if necessary
a. $449.06 million
b. $826 million
c. $210 million
d. $328.3 million
e. $477.5 million
a. $449.06 million
Mathematics
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