Question

In 2013, the average basobail player earned $3.4 million per year. Suppose these baseball players spend all of their inosme on goods and services each year and seve nothing Assuming that the players do not borrow any money, the sum of the incomes of all basebisll players must equal the sum of expenditures made by the basebal pleyers because besebal players are igh rller and spend alot t nothing from income is t over aher spending, thed spending must oxaly squs inome besebal players have a high income and they spend a lot besebail players shouid save some of their individusl incomes

Answer 1

Answer: If nothing is left over after spending, than spending must exactly equal income.

From the above statement it is clear that base ball players are spending all their income of $3.4 million per year on goods and services. These base ball players are not savings nor borrowing money which means what ever money they are getting they are spending on goods and services. Thus it means if there is no money after spending than base ball players spending should be exactly equal to their income as they are not saving or borrowing.