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Mathematics & Economics
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Essay
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English (U.S.)
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Topic:
Eco Problems: Inter-Industry Sales (Addition Mining Sector)
Essay Instructions:
Answer the two section of Eco problem
Essay Sample Content Preview:
Your Name
Your Subject and Section
Your professor’s name
25 February 2017
Question #2 – Economic Problem
Inter-industry Sales (before addition of mining sector)
S1
S2
S3
Total output
S1
350
0
0
1000
S2
50
250
150
500
S3
200
150
550
1000
Total Input
600
400
700
1700
2500
Inter-industry Sales (after addition of mining sector)
S1
S2
S3
S4
Total Output
S1
350
0
0
20
1000
S2
50
250
150
100
500
S3
200
150
550
300
1000
S4
20
100
300
0
420
Total input
620
500
1000
420
2540
2920
The table above shows the difference in Total gross output of the entire economy after the addition of S4 or the mining sector. Based from its production structure which is 20, 100, 300, and 0, respectively, it could be said that it impacted the Total Gross economic output of the economy in such a way that it increased the amount of goods and services produced in that accounting period. However, in cases where there are no sales of miner...
Your Subject and Section
Your professor’s name
25 February 2017
Question #2 – Economic Problem
Inter-industry Sales (before addition of mining sector)
S1
S2
S3
Total output
S1
350
0
0
1000
S2
50
250
150
500
S3
200
150
550
1000
Total Input
600
400
700
1700
2500
Inter-industry Sales (after addition of mining sector)
S1
S2
S3
S4
Total Output
S1
350
0
0
20
1000
S2
50
250
150
100
500
S3
200
150
550
300
1000
S4
20
100
300
0
420
Total input
620
500
1000
420
2540
2920
The table above shows the difference in Total gross output of the entire economy after the addition of S4 or the mining sector. Based from its production structure which is 20, 100, 300, and 0, respectively, it could be said that it impacted the Total Gross economic output of the economy in such a way that it increased the amount of goods and services produced in that accounting period. However, in cases where there are no sales of miner...
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