Use the figure below to answer the following questions.

Figure 20.1.1
-Refer to Figure 20.1.1,which shows the circular flow of expenditure and income for Venus.During 2012,A was $100,B was $50,C was $30 and D was $10.What is aggregate income?

Question

Use the figure below to answer the following questions.
  
Figure 20.1.1
-Refer to Figure 20.1.1,which shows the circular flow of expenditure and income for Venus.During 2012,A was $100,B was $50,C was $30 and D was $10.What is aggregate income?

Quizplus · Accepted Answer

Aggregate income is the total income earned by factors of production in an economy. In the circular flow model, it is equal to the total expenditure on goods and services, which is represented by A. Therefore, aggregate income is $100.

Use the Figure Below to Answer the Following Questions