Last year in a nation to the south,net domestic product at factor cost equaled $3,300 billion.Indirect taxes minus subsidies equaled $200 billion,depreciation equaled $800 billion,the statistical discrepancy equaled zero,and net operating surplus equaled $150 billion.The country's GDP was
A)$2,300 billion.
B)$3,500 billion.
C)$4,300 billion.
D)$4,450 billion.
E)$4,150 billion.

Question

Quizplus · Accepted Answer

GDP is calculated by adding net domestic product at factor cost, indirect taxes minus subsidies, and depreciation. Thus, GDP = $3,300 billion + $200 billion + $800 billion = $4,300 billion.

Last Year in a Nation to the South,net Domestic Product