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Author Question: The GDP includes (Read 39 times)

RYAN BANYAN

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on: Apr 19, 2019

Question 1

The GDP of the U.S. in 2014 was around $17.4 trillion. This means


◦ that the value of output in the U.S. in 2014 was around $17.4 trillion.
◦ that total income in the U.S. in 2014 was around $17.4 trillion.
◦ that total spending on final goods and services in the U.S. in 2014 was around $17.4 trillion.
◦ All of these.

Question 2

The GDP includes


◦ the value of all intermediate goods and services.
◦ the value of all final goods and services.
◦ the value of both intermediate and final goods and services.
◦ the value of all transactions.


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Marked as best answer by RYAN BANYAN on Apr 19, 2019

amcvicar

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Reply #1 on: Apr 19, 2019
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RYAN BANYAN

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Reply #2 on: Apr 19, 2019
Thank you!



amcvicar

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Reply #3 on: Apr 19, 2019
Always glad to help...



 

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