Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 2 - The Market System and the Circular Flow - Problems - Page 51: 4

Answer

(a)Entrepreneurial ability= 10 Billion Dollars. (b)Revenue = 100 Billion Dollars.

Work Step by Step

(a)Entrepreneurial ability= 100 -60 - 10 - 20 = 10 Billion Dollars. (b)Revenue = Total Spending by Households = 55 + 45 = 100 Billion Dollars.
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