(Solved): Let's put dollar amounts on the flows in the circular flow diagram below. Instructions: Enter your ...

Let's put dollar amounts on the flows in the circular flow diagram below. Instructions: Enter your answers as a whole number. a. Suppose that businesses buy a total of $$\$130$$ billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $$\$72$$ billion in wages, $$\$16$$ billion in rent, and $$\$26$$ billion in interest, how much are households paid for providing entrepreneurial ability? billion b. If households spend $$\$70$$ billion on goods and $$\$60$$ billion on services, how much in revenues do businesses receive in the product market? billion