The table below includes data for a one-year period required to calculate GDP for this economy.All figures are in billions of dollars.
TABLE 20-3
-Refer to Table 20-3.What is the value of net domestic income at factor cost?

Question

The table below includes data for a one-year period required to calculate GDP for this economy.All figures are in billions of dollars.
  TABLE 20-3
-Refer to Table 20-3.What is the value of net domestic income at factor cost?

Quizplus · Accepted Answer

To calculate net domestic income at factor cost, we need to subtract indirect taxes from the factor cost of GDP. 
Factor cost of GDP = Compensation of employees + Gross operating surplus + Gross mixed income = 5365 + 3699 + 127
Factor cost of GDP = 9191
Indirect taxes = Taxes on products - Subsidies = 1075 - 65 = 1010
Net domestic income at factor cost = Factor cost of GDP - Indirect taxes = 9191 - 1010 = 8181
Therefore, the closest answer choice is D) $8331. None of the other answer choices match the calculated value.

The Table Below Includes Data for a One-Year Period Required