0.247 0.116 0.106 0.298 0.431 0.373

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter13: The Balanced Scorecard: Strategic-based Control
Section: Chapter Questions
Problem 7E: Consider the following list of scorecard measures: a. Product profitability b. Ratings from customer...
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

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Essentials of Business Analytics (MindTap Course …
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub