Question

In 2002, the United States had a GDP (Gross Domestic Product) of $10.5 trillion. What does that mean?

A.) It is the amount that the United States owed to other countries.
B.) It is the total money value of all goods and services produced in the United States.
C.) It is the amount that Americans earned in pay.
D.) It is the amount of American goods and services that foreign countries purchased.

Answer 1

"It is the total money value of all goods and services produced in the United States" is the statement among the choices given in the question that gives the meaning of the sentence. The correct option among all the options that are given in the question is the second option or option "B". I hope it helps you.