Business, 24.03.2020 02:51 rileyeddins1010

Consider a simple economy that consists of three sectors: food, clothing, and shelter. The production of one unit of food requires 0.43 units of food, 0.17 units of clothing and 0.18 units of shelter. The production of one unit of clothing requires 0.08 units of food, 0.23 units of clothing, and 0.28 units of shelter. The production of one unit of shelter requires 0.23 units of food, 0.16 units of clothing, and 0.14 units of shelter. If consumer demand is for $90 million worth of food, $32 million worth of clothing, and $245 million worth of shelter, what total output from each sector is needed?

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Consider a simple economy that consists of three sectors: food, clothing, and shelter. The productio...