A simple economy consists of two industries: agriculture and manifacturing. The production of 1 unit of agricultural products requires the consumption of 0.2 units of agricultural products and 0.15 units of manufactured goods. The production of 1 unit of manufactured goods requires the consumption of 0.25 units of agricultural products and 0.2 units of manufactured goods.

Find the gross output of goods needed to satisfy a consumer demand for 120 million dollars worth of agricultural products and 130 million dollars worth of manufactured products.

Similar Questions
    1. answers icon 1 answer
  1. Nigeria’s economy is almost entirely dependent uponService industries Energy production Agriculture Manufacturing
    1. answers icon 5 answers
  2. Nigeria’s economy is almost entirely dependent uponenergy production agriculture service industries manufacturing
    1. answers icon 1 answer
  3. Nigeria's economy is almost entirely dependentupon _____ A. energy production. B. agriculture. C. service industries. D.
    1. answers icon 1 answer
more similar questions