Question

An economy produces only two commodities X and Y. The two commodities serve as
intermediate input in each other’s production. To produce a unit of X, 0.2 unit of X
and 0.6 unit of Y are needed. Similarly, to produce a unit of Y, 0.4 unit of X and 0.3
unit of Y are needed. 30 and 50 labour hours are required to produce a unit of X and a
unit of Y respectively. The wage rate is Rs. 20 per labour hour. If the final demand of
X increases by 1500 units and that of Y decreases by 1200 units, find:
(i) Change in the gross output of each of the two commodities.
(ii) Change in the labour requirement.
(iii) Change in the value added in two producing sectors

Answer 1

Answer:

Step-by-step explanation:

Sorry I can't understand