Solve the problem.
7) Two sectors of a textbook economy are (1) communication equipment and (2) components and
accessories. In 2005 the input-output table involving these two sectors was as follows.
Το
Equipment Components
From Equipment 6,000
Components 24,000
500
30,000
Total Output
90,000
140,000
Determine the production levels necessary in these two sectors to meet a demand for $80,000 of
equipment and $90,000 of components. Round to significant digits.
A) Equipment: 86,000
Components: 90,000
C) Equipment: 24,000
Components: 140,000
B) Equipment:
86,000
Components: 140,000
D) Equipment:
90,000
Components: 140,000
