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Unformatted text preview: two final goods, FG1 and FG2, and one intermediate good, IG. IG is used as the material to produce FG1 and FG2. FG 1 is a consumption good. FG 2 is a capital good. We have the following data from year 2000: IG FG1 FG2 material 0 $6 $4 wage $7 $9 $8 interest $3 $1 $2 . Each sector earns zero profit. (Profit Revenue-Material cost-Wage-Interest.)...
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This note was uploaded on 10/19/2008 for the course ECON 3140 taught by Professor Mbiekop during the Fall '07 term at Cornell University (Engineering School).
- Fall '07