Analysis of Business Input-Output Data by the Federal Government Allows

question 4

Multiple Choice

Analysis of business input-output data by the federal government allows the government to have a better understanding of the

• A)cash flows that exist among industries.
• B)raw materials and labor required to produce a given product.
• C)amount of reinvestment that different industries use.
• D)types of industries that purchase particular products.
• E)growth projections for a given industry.

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Definitions:

Human Resources

The department of a business or organization that deals with the hiring, administration, and training of personnel.

Population Growth

The increase in the number of individuals in a population, often expressed as a percentage of the total population.

Labor Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Real Income Per Capita

A measure of the average income earned per person in a given area adjusted for inflation, reflecting the actual purchasing power of individuals.