An economy has a manufacturing industry (M) and a banking industry (B). Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. If the final (external) demand of manufacturing and banking is 1,410 units and 1,060 units respectively. Find the gross (total) production from each industry.

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02-12-2022
Mathematics

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An economy has a manufacturing industry (M) and a banking industry (B). Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. If the final (external) demand of manufacturing and banking is 1,410 units and 1,060 units respectively. Find the gross (total) production from each industry.

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