Answer:
[tex]\$130[/tex] billion
Step-by-step explanation:
Amount spend by households on goods = [tex]\$70[/tex] billion
Amount spend by households on services = [tex]\$60[/tex] billion
We need to find total amount spend by households on goods and services which is equivalent to finding the revenue that businesses receive in the product market.
Total revenue that businesses receive in the product market = Amount spend by households on goods + Amount spend by households on services = [tex]\$70+\$60=\$130[/tex] billion
