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The following table is an aggregated version of US Department of Commerce, Bureau of Economic Analysis (BEA) 15-sector input-out table estimated for 2012 (See www.bea.gov/industry/io_annual.htm). In this table Mining, Utilities, and Construction industries are aggregated into one sector labeled MUC. Simi- larly, 9 different service sectors are aggregated into one called Ser. Other sectors are Agriculture (Ag), Manufacturing (Manu) and Government (Gov) (figures in millions of 2012 dollars).
Table of Inter-sectoral Transactions US 2012

 

 

Ag.

 

MUC

 

Manu

 

Ser

 

Gov

 

Final Demand

Ag

86810

1502

270144

934112

2929

74554

MUC

8285

97899

648351

298770

114869

989442

Manu

80416

328561

1903440

934112

370598

2021814

Ser

69030

302979

883549

5132521

667024

10670276

Gov

37

384

5597

76513

9537

2619157

(a) Use the table and calculate the matrix of inter-sectoral coefficients.

(b) Calculate the sectoral gross outputs if the new final demand vector for year 2013 is given as
FDt = f74664 998445 2031426 10809234 28679201

(c) What is the percentage change in the GDP?

 

Microeconomics, Economics

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