Households paid for providing entrepreneurial ability

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Reference no: EM133636474

Question

Consider the circular flow model; suppose that businesses buy a total of $230 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $130 billion in wages, $26 billion in rent, and $51 billion in interest, how much are households paid for providing entrepreneurial ability?

Reference no: EM133636474

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