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16 May, 01:34

If households spend $55 billion on goods and $45 billion on services, how much in revenues do businesses receive in the product market?

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Answers (2)
  1. 16 May, 01:53
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    Answer:10
  2. 16 May, 01:58
    0
    Answer: $100 dollars

    Explanation: business revenue refers to the income accrued from normal business activities. It also referred to as sales or turnover.

    In this scenario,

    Business revenue = Total Household expenditure

    In this case, Total household expenditure = Amount spent on goods + Amount spent on services

    Therefore,

    Business revenue = $55 billion + $45 billion = $100 billion
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