Answer to Question #224847 in Macroeconomics for Sara

Question #224847

5. If a country’s labor is paid a total of $6 billion, its capital is paid a total of $2 billion, and
profits are zero, what is the level of output? ( Hint: See equation 2.)

Expert's answer

Level of Out put = Labor Payments + Capital Payments + Profits = 6+2 +0 = 8 billion

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