Question 4 Using the following transactions below, compile the Supply and Use Table 1. L ii. Corn was imported by the agricultural sector (100,000) and 80% used by the sector. Manufacturing industry utilizes 20% of imported corn to produce bread which is sold to government, private sector and hotels equally. i Household sector and private sector utilize the remaining corn equally 2. i. Oil refinery imported $720,000 worth of crude oil to produce. ii Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel. il Household purchased (40 %) of petrol government (30%), manufacturing (10 %) and exports (20%). $5000 was paid as wages in for workers in the agricultural and manufacturing sector. Tax on the production of petrol was $7000.
Question 4 Using the following transactions below, compile the Supply and Use Table 1. L ii. Corn was imported by the agricultural sector (100,000) and 80% used by the sector. Manufacturing industry utilizes 20% of imported corn to produce bread which is sold to government, private sector and hotels equally. i Household sector and private sector utilize the remaining corn equally 2. i. Oil refinery imported $720,000 worth of crude oil to produce. ii Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel. il Household purchased (40 %) of petrol government (30%), manufacturing (10 %) and exports (20%). $5000 was paid as wages in for workers in the agricultural and manufacturing sector. Tax on the production of petrol was $7000.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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