Let us take three farmers. Each has grown wheat on his field, though the production is different (see Column 2). The consumption of wheat by each farmer family is the same (Column 3). The whole of surplus of wheat this year is used as capital for next year's production. Also suppose production is twice the capital used in production.
Complete the tables.
Farmer 1
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
100 120 |
40 40 40 |
60 - - |
60 - - |
Farmer 2
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
80 - - |
40 40 40 |
- - - |
- - - |
Farmer 3
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
60 - - |
40 40 40 |
- - - |
- - - |
Farmer 1
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
100 120 160 |
40 40 40 |
60 80 120 |
60 80 120 |
Farmer 2
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
80 80 80 |
40 40 40 |
40 40 40 |
40 40 40 |
Farmer 3
Production |
Consumption |
Surplus = |
Capital for the |
|
Year 1 Year 2 Year 3 |
60 40 0 |
40 40 40 |
20 0 -40 |
20 0 -40 |