Eco Problems: Inter-Industry Sales (Addition Mining Sector)

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25 February 2017
Question #2 – Economic Problem






Inter-industry Sales (before addition of mining sector)



S1

S2

S3

Total output

S1

350

0

0

1000


S2

50

250

150

500


S3

200

150

550

1000


Total Input

600

400

700

1700

2500








Inter-industry Sales (after addition of mining sector)


S1

S2

S3

S4

Total Output

S1

350

0

0

20

1000

S2

50

250

150

100

500

S3

200

150

550

300

1000

S4

20

100

300

0

420

Total input

620

500

1000

420

2540

2920

The table above shows the difference in Total gross output of the entire economy after the addition of S4 or the mining sector. Based from its production structure which is 20, 100, 300, and 0, respectively, it could be said that it impacted the Total Gross economic output of the economy in such a way that it increased the amount of goods and services produced in that accounting period. However, in cases where there are no sales of miner...