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Complete the table on the basis of given name of the crop:
|
Year |
production |
Consumption |
Surplus= Production-Consumption |
Capital for next year |
|
Year 1 |
60 |
40 |
||
|
Year 2 |
||||
|
Year 3 |
Answer:
- Each year the consumption of the farmer remains the same.
- surplus wheat = capital for next year’s production.
- Production = 2 x capital
Year 1:
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Production= 60
Consumption= 40
Surplus= Production-Consumption ; 60-40= 20
Capital for next year= 20
Year 2:
Production= 2 x capital = 20 x 2= 40
Consumption= 40
Surplus= Production-Consumption ; 40-40= 0
Capital for next year= 0
Year 3:
Production= 2 x capital = 0 x 0= 0
Consumption= 40
Surplus= Production-Consumption ; 0-40= -40
Capital for next year= -40
|
Year |
production |
Consumption |
Surplus= Production-Consumption |
Capital for next year |
|
Year 1 |
60 |
40 |
20 |
20 |
|
Year 2 |
40 |
40 |
0 |
0 |
|
Year 3 |
0 |
40 |
-40 |
-40 |
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