Households paid for providing entrepreneurial ability

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A. Suppose the a business buy a total 110 billion of the four resources (land, capital, labor and entrepreneurial ability) from households. If households receive $64 billion in wages, $12 billion in rent, and $22 billion in interest, how much are households paid for providing entrepreneurial ability?.___________$ billions

B. If households spend 60 billion on goods and $50 billion on services, how much in revenue do businesses receive in the product market?____________$ billion

Reference no: EM131195990

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