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.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
Section: Chapter Questions
Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...
icon
Related questions
Question
Please answer all
×
You
n
i.
Question 4
Using the following transactions below, compile the Supply and Use Table
1.
iii.
Corn was imported by the agricultural sector (100,000) and 80% used by the sector.
ii. Manufacturing industry utilizes 20% of imported corn to produce bread which is sold to
government, private sector and hotels equally.
Household sector and private sector utilize the remaining corn equally
f
3.
$5000 was paid
o
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.
iii Household purchased (40 %) of petrol government (30 %), manufacturing (10 %) and exports (20%).
Tax on the production of petrol was $7000.
swages in for workers in the agricultural and manufacturing sector.
Add a caption...
T
(1)
Transcribed Image Text:× You n i. Question 4 Using the following transactions below, compile the Supply and Use Table 1. iii. Corn was imported by the agricultural sector (100,000) and 80% used by the sector. ii. Manufacturing industry utilizes 20% of imported corn to produce bread which is sold to government, private sector and hotels equally. Household sector and private sector utilize the remaining corn equally f 3. $5000 was paid o 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. iii Household purchased (40 %) of petrol government (30 %), manufacturing (10 %) and exports (20%). Tax on the production of petrol was $7000. swages in for workers in the agricultural and manufacturing sector. Add a caption... T (1)
Expert Solution
steps

Step by step

Solved in 6 steps

Blurred answer
Knowledge Booster
Labor Demand
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning