Homework Help is Here – Start Your Trial Now!
Business
Accounting
0.247 0.116 0.106 0.298 0.431 0.373

0.247 0.116 0.106 0.298 0.431 0.373

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Needing help solving
A simplified version of a large sector analysis of a national economy has the following input-output matrix. Complete parts a and b below. Agriculture Manufacturing Households Agriculture 0.247 0.116 0.028 Manufacturing 0.106 0.298 0.263 Households 0.431 0.373 0.011 (a) What information about the needs of the economy is given by column 2 of the matrix? Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals rounded to three decimal places as needed.) unit per unit produced by households. unit per unit produced by agriculture, contributes unit per unit produced by manufacturing, and contributes O A. The households sector contributes unit per unit produced by households. unit per unit produced by manufacturing, and contributes O B. The manufacturing sector contributes unit per unit produced by agriculture, contributes unit of agriculture, unit of manufacturing, and of households. O C. Producing one unit of manufacturing requires of households. unit of agriculture, unit of manufacturing, and O D. Producing one unit of households requires
Transcribed Image Text:A simplified version of a large sector analysis of a national economy has the following input-output matrix. Complete parts a and b below. Agriculture Manufacturing Households Agriculture 0.247 0.116 0.028 Manufacturing 0.106 0.298 0.263 Households 0.431 0.373 0.011 (a) What information about the needs of the economy is given by column 2 of the matrix? Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals rounded to three decimal places as needed.) unit per unit produced by households. unit per unit produced by agriculture, contributes unit per unit produced by manufacturing, and contributes O A. The households sector contributes unit per unit produced by households. unit per unit produced by manufacturing, and contributes O B. The manufacturing sector contributes unit per unit produced by agriculture, contributes unit of agriculture, unit of manufacturing, and of households. O C. Producing one unit of manufacturing requires of households. unit of agriculture, unit of manufacturing, and O D. Producing one unit of households requires
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS