Consider an economy with four sectors, agriculture (A), construction and mining (C), manufacturing (M), and services (S). The following table provides the input requirements for $1 worth of output for each sector and the final demand (FD, in million dollars) for each sector.
(a) Determine the value of sectoral and national outputs.
(b) Assume there is a 2.5 % increase in final demand. Calculate the new sectoral and national outputs.
Input-Output Table
Output
A C M S FD
|
|
A
|
0.12
|
0.02
|
0.05
|
0.03
|
1100
|
|
|
C
|
0.00
|
0.06
|
0.20
|
0.15
|
2500
|
|
Input
|
M
|
0.08
|
0.25
|
0.20
|
0.10
|
3700
|
|
|
S
|
0.05
|
0.12
|
0.18
|
0.10
|
4000
|