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?
Definitions:
Principal's Communications
Messages or directives from the principal (in a principal-agent relationship) that guide the agent's actions on behalf of the principal.
Express Authority
The power or permission that is explicitly granted to an individual or entity by way of spoken or written words.
Subsequent Ratification
The act of officially approving or confirming a decision or agreement after it has already been made or implemented.
Principal's Identity
Information that discloses or specifies who the principal (the party for whom an agent acts) is in an agency relationship.
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