Business, 27.07.2020 01:01, badatmathmate8388

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 dashpairs of shoes, candy bars, digital devices, etc. all summed togetherlong dashis 450 trillion units. The total dollar value of this flow of output is $13 trillion. The total amount of factors of productionlong dashlabor, land, capital, entrepreneurship, all summed togetherlong dashis 1.4 billion units. What is the flow of incomelong dashthat is, the sum of wages, rents, interest, and profits? The flow of incomelong dashthe sum of wages, rents, interest and profitslong dashis

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