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)$7,733 billion.
B)$9,091 billion.
C)$10,091 billion.
D)$8,091 billion.
E)$12,091 billion.

Question

Quizplus · Accepted Answer

Net domestic product at factor cost includes compensation of employees, which is the total wages paid to workers. Therefore, we can find the wages by subtracting the sum of rent, profits, and interest from net domestic product at factor cost:

Wages = Net Domestic Product at Factor Cost - Rent - Profits - Interest
Wages = $11,091 billion - $2,000 billion - $1,000 billion - $358 billion
Wages = $7,733 billion

Therefore, the answer is A) $7,733 billion.

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