Question

A nation's Gross Domestic Product (GDP) is the total marked value of all final goods and services produced in one year. In the United States, the GDP is estimated to be _____.

a) $1 trillion
b) $10 trillion
c) $20 trillion
d) $30 trillion

Answer 1

The GDP in the United States is estimated to be $21 trillion.

Step-by-step explanation:

The concept of GDP is fairly straightforward: it is just the dollar value of all final goods and services produced in the economy in a year. In the United States, the GDP is estimated to be $21 trillion. This measurement is a full-time job for a brigade of government statisticians, who calculate the GDP and monitor how it changes every few months.