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Circular Flow DiagramAssume the economy of Kamistan only consists of households and firms and ...

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Circular Flow DiagramAssume the economy of Kamistan only consists of households and firms and ...

Circular Flow Diagram

Assume the economy of Kamistan only consists of households and firms and employs all the factors of production. The table lists the amounts spent on various goods and services in the markets of Kamistan.

Wages	750,000 euros
Interest	57,000 euros
Profit	335,000 euros
Expenditures on goods and services	1,500,000 euros

How much money is spent on rent?

▸ 2,642,000 euros

▸ 1,028,000 euros

▸ 472,000 euros

▸ 358,000 euros

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 32 times

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