The Relationship Governing the Intraindustrial and Interindustrial Sales and Purchases

question 212

Multiple Choice

The relationship governing the intraindustrial and interindustrial sales and purchases of four basic industries - agriculture (A) , manufacturing (M) , transportation (T) , and energy (E) - of a certain economy is given by the following input-output matrix. A M T E How many units of energy are required to produce 1 unit of manufacturing goods?

• A) 0.5 units
• B) 0.1 units
• C) 0.2 units
• D) 0.4 units

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Definitions:

Contingency Table

A type of table in a matrix format that displays the frequency distribution of the variables. It helps in analyzing the relationship between two categorical variables.

Qualitative Variables

Variables that express categorical data, representing types or qualities rather than numbers.

Chi-square Tests

Statistical tests that use the chi-square statistic to test hypotheses about the distribution of categorical variables.

Lower-tailed

Refers to a type of hypothesis test or confidence interval that focuses on determining whether the value of interest is significantly less than a specified value.