The economy of a small country can be regarded as consisting

The economy of a small country can be regarded as consisting of three industries, I, II, and III, whose input-output matrix is I II III A= I II III [0.20 0.01 0.30 0.30 0.10 0.02 0.05 0.40 0.10] The entry in the third row, second column of matrix A means that to make $1 worth of output, industry II needs $0.40 worth of input from industry III. industry II uses 40% of industry III\'s output. to make $1 worth of output, industry III needs $0.40 worth of input from industry n. industry III uses 40% of industry II\'s output. none of these

Solution

D.) Industry III uses 40% of industry II\'s output