A small economy has three industries: Machinery, Electricity and Oil. Machinery requires inputs of 0.2 units from Electricity. The Electricity does not require inputs from the other two industries and 0il requires 0.2 unit of electricity
Machinery, Electricity and oil producers want to raise their target levels of final demand to 1000, 2000 and 100.
Find the total production of machinery, electricity and oil of a small country that satisfies the mentioned targets.
M is 1000.
O is 100.
E is 2000 + 1000*0.2 + 100*0.2 = 2220.
February 27th, 2010 at 12:12 pm
M is 1000.
O is 100.
E is 2000 + 1000*0.2 + 100*0.2 = 2220.
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