The Following Technology Matrix for a Simple Economy Describes the Relationship

question 196

Multiple Choice

The following technology matrix for a simple economy describes the relationship of certain industries to each other in the production of 1 unit of product. ​ ​
For each 100 units of manufactured products produced, how many units of fuels are required?
​

• A) 33
• B) 2.9
• C) 1.1
• D) 29
• E) 11

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Definitions:

Withdrawals

Amounts taken from a business by its owner(s) for personal use.

Expenses

Costs incurred by a business in the process of earning revenue.

Consuming Services

Consuming services refers to the use of services provided by businesses or individuals which are utilized and exhausted during the process, such as electricity, consulting, or maintenance services.

Generating Revenues

The process of bringing in income from business activities, sales, or services offered.