Business, 17.02.2020 18:41, itssmookie6540

A. Suppose that businesses buy a total of $160 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $84 billion in wages, $22 billion in rent, and $32 billion in interest, how much are households paid for providing entrepreneurial ability?
b. If households spend $95 billion on goods and $85 billion on services, how much in revenues do businesses receive in the product market?

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A. Suppose that businesses buy a total of $160 billion of the four resources (labor, land, capital,...