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Results of the operations of a laptop producer

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Reference no: EM132606718

The following table shows the results of the operations of a laptop producer in 2020.

Price per Unit of the Product $800.00

Quantities Sold 10,000.00

Cost of Materials and Components Purchased $3,600,000.00

Wages Paid to Workers$450,000.00

Interest Paid to the Bank$45,000.00

Rent Paid to the Property Owner$40,000.00

This firm's value added in 2020 was dollars. In other words, it contributed this much to the U.S. GDP in 2020.

How much factor income was generated in 2020 as a result of this firm's economic activities?

Reference no: EM132606718

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