The relationship between output, factor demands, and income and the decomposition of these relationships into separate effects as suggested by the structure of a social accounting matrix are examined. The best analytical approach for examining these relationships uses a model that starts with a social accounting matrix, and hence, with a structure of an economy at some base date. The methodology contains accounting multipliers that give insight into the anatomy of the social accounting matrix. In addition, the multipliers examine transfer effects and the full circular and cross effects between different parts of the economy. The model shows how the structure of production and income distribution are interrelated and how they derive from the structure of exogenous demand and the distribution of assets. Analysis of the social accounting matrix and the accounting multipliers shows the extent to which initial structure is important in determining the impact of changes in demand. The fixed price multiplier approach could be extended to embrace the interaction of price changes and shifts in exogenuous demand. Equations and matrix values are provided. 17 references.