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.
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,...
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