Consider the following Economy with 2 goods: Steel and Cars Steel Company Revenue from Sales Expenses Profit Wages Car Company Revenue from Sales Expenses Profit Wages Steel Purchases Value of Final Goods Sum of Value Added Sum of Incomes Value of Intermediate Goods $70 $80 $100 $100 $70 $30 $200 $180 $20 $200 $200 $100 $200

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Consider the following Economy with 2 goods: Steel and Cars. Steel Company \table[[Revenue from
Sales,, $100
Consider the following Economy with 2 goods: Steel and Cars.
Steel Company
Revenue from Sales
Expenses
Wages
Profit
Car Company
Revenue from Sales
Expenses
Profit
Wages
Steel Purchases
Value of Final Goods
Sum of Value Added
Sum of Incomes
Value of Intermediate Goods
$70
$80
$100
$100
$70
$30
$200
$180
$20
$200
$200
$100
$200
Transcribed Image Text:Consider the following Economy with 2 goods: Steel and Cars. Steel Company \table[[Revenue from Sales,, $100 Consider the following Economy with 2 goods: Steel and Cars. Steel Company Revenue from Sales Expenses Wages Profit Car Company Revenue from Sales Expenses Profit Wages Steel Purchases Value of Final Goods Sum of Value Added Sum of Incomes Value of Intermediate Goods $70 $80 $100 $100 $70 $30 $200 $180 $20 $200 $200 $100 $200
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