Solve the Problem. -A Simplified Economy Has Only Two Industries, the Electric Company

question 19

Multiple Choice

Solve the problem.
-A simplified economy has only two industries, the electric company and the gas company. Each dollar's worth of the electric company's output requires 0.20 of its own output and 0.4 of the gas Company's output. Each dollar's worth of the gas company's output requires 0.50 of its own output
And 0.7 of the electric company's output. Construct the input-output matrix.

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Definitions:

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets (cash, marketable securities, and accounts receivable).

Company

A business entity established by a collection of people to conduct and manage a commercial venture.

Dividend Yield Ratio

A financial ratio that indicates how much a company pays out in dividends each year relative to its share price.

Total Dividend

The total amount of dividend that a company decides to pay out to its shareholders from its net income.