Using the following transactions below, compile the Supply and Use TableOil refinery imported $720,000 worth of crude oil to produce.Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel.Household purchased (40%) of petrol government (30%), manufacturing (10 %) and exports (20%).

In economics, a Supply and Use Table (SUT) is a comprehensive accounting framework that…

Answered: Using the following transactions below,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Using the following transactions below, compile the Supply and Use Table

Oil refinery imported $720,000 worth of crude oil to produce.

Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel.
Household purchased (40%) of petrol government (30%), manufacturing (10 %) and exports (20%).

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Can you re-do a table with four columbs namely:

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Quantity

Supply

Usage

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