If, during 2011, the Republic of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion, profits of $7 billion, exports of $15 billion, and rent of $7 billion, wages during 2011 in Sildavia were:
A) $36 billion.
B) $38 billion.
C) $51 billion.
D) $64 billion.

Question

Quizplus · Accepted Answer

GDP = Wages + Interest + Rent + Profits + (Exports - Imports). Plugging in the values: $65 billion = Wages + $15 billion + $7 billion + $7 billion + ($15 billion - $13 billion). Solving for Wages gives $36 billion.

If, During 2011, the Republic of Sildavia Recorded a GDP