Suppose that business buy a total of 120 billion of the, Ask an Expert

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Let's put a dollar amounts on the flows in the circular flow. Suppose that business buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $68 billion in waged, $14 billion in rent, and $24 billion in interest, how much are households paid for providing entrepreneurial ability? b-) If households spend $ 65 billion on goods and $ 55 billion on services, how much in revenues do businesses receive in the product market?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9448710

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