How much in revenues do businesses receive in product market

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Reference no: EM13212916

Suppose that businesses buy a total of $150 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $80 billion in wages, $20 billion in rent, and $30 billion in interest, how much are households paid for providing entrepreneurial ability? $ billion for entrepreneurial ability b. If households spend $80 billion on goods and $70 billion on services, how much in revenues do businesses receive in the product market?

Reference no: EM13212916

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