Table 2.2
Information on a hypothetical three-firm economy
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Cost of production | Dollars | Value of production | Dollars | |
---|---|---|---|---|
Firm 1 (Wheat farm) | Imports of seed and fertilizer | 15 | Sales to firm 2 | 100 |
Labour income | 115 | Exports | 50 | |
Profits | 20 | Empty cell | Empty cell | |
Total | 150 | Total | 150 | |
Firm 2 (Milling) | Purchase of wheat from firm 1 | 100 | Sales to firm 3 | 130 |
Labour income | 45 | Sales to consumers | 35 | |
Profits | 20 | Empty cell | Empty cell | |
Total | 165 | Total | 165 | |
Firm 3 (Baker) | Purchase of flour from firm 2 | 130 | Sales to consumers | 200 |
Labour income | 60 | Empty cell | Empty cell | |
Profits | 10 | Empty cell | Empty cell | |
Total | 200 | Total | 200 |
Source: Guide to the Income and Expenditure Accounts, Statistics Canada, catalogue no.13-017-X
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