Business, 12.08.2019 18:10, allstar1255

In a simple economy with only businesses and households, suppose that the sum total of all the goods and services produced during the relevant periodlong dash—pairs of shoes, candy bars, digital devices, etc. all summed togetherlong dash—is 510510 trillion units. the total dollar value of this flow of output is $2525 trillion. the total amount of factors of productionlong dash—labor, land, capital, entrepreneurship, all summed togetherlong dash—is 1.41.4 billion units. what is the flow of incomelong dash—that is, the sum of wages, rents, interest, and profits? the flow of incomelong dash—the sum of wages, rents, interest and profitslong dash—is

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In a simple economy with only businesses and households, suppose that the sum total of all the goods...