In 2009 in the United States, net domestic product at factor cost was $11,091 billion. Additionally, rent was $2,000 billion, profits were $1,000 billion, and interest was $358 billion. Hence wages were
A)$9,091 billion.
B)$12,091 billion.
C)$10,091 billion.
D)$8,091 billion.
E)$7,733 billion.

Question

Quizplus · Accepted Answer

Net domestic product at factor cost is the sum of all factor incomes: rent, profits, interest, and wages. Therefore, wages = $11,091 billion - ($2,000 billion + $1,000 billion + $358 billion) = $7,733 billion.

In 2009 in the United States, Net Domestic Product at Factor