Industry balance sheets
Still working on our industry balance sheets.... These show the total output of the industry, which is then divided into value added components and purchases of intermediate goods and services. As a whole then can I accurately call these "Total Industry Outlays"? The term "balance sheet" doesn't seem to make sense to our audience.
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They are called balance sheets because they show receipts (production of commodities) and expenditures (purchase of commodities and value added. Just like a proper t-account, the receipts and expenditures add up to the same number - ie, they balance. You can call them whatever you want to help your audience understand.0
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