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 2014, 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 2014, 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 the factors of production owned by a country's residents. In the circular flow model, it is equal to the total expenditure on the economy's output of goods and services, which is represented by A, $100.

Use the Figure Below to Answer the Following Questions