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Exercises 1–4 refer to an economy that is divided into three sectors—manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes .10 unit from services, .60 unit from manufacturing, but no
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SOLVED: Consider an economy with three sectors: Chemicals, Metal Fuels, Power; and Machinery. Chemicals sells 30% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 30% of its output to Chemicals and 40% to Fuels and retains the rest. Complete parts (a) through (c) below:Construct the exchange table for this economy: Distribution of Output from: Chemicals Fuels Machinery Purchased
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