Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the circular flow model, suppose that businesses buy a total of $5,200 billion of the four resources (laborland, capital, and entrepreneurial ability) from households.
Consider the circular flow model, suppose that businesses buy a total of $5,200 billion of the four resources (laborland, capital, and entrepreneurial ability) from households. If households receive $3,800 billion in wages$600 billion in interest, and $ 500 billion in entrepreneurial ability, how much are households paid in rent? Multiple Choice $500 billion $ 4,900 billion $ 5,200 $ 300 billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started