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?