Multiple Choice
The GDP of the United States in 2014 was around $17.4 trillion. This means
A) that the value of output produced in the U.S. in 2014 was around $17.4 trillion.
B) that total income in the U.S. in 2014 was more than $17.4 trillion.
C) that total spending in the U.S. in 2014 was more than $17.4 trillion.
D) that the value of output produced by U.S.-owned resources was less than $17.4 trillion.
Correct Answer:

Verified
Correct Answer:
Verified
Q73: Which of the following would be counted
Q74: The percentage of disposable personal income that
Q75: Taco Bell opens a branch in Iceland.
Q76: Saving rates tend to rise during _
Q77: One of the flaws of GDP is
Q79: Refer to the information provided in Table
Q80: A decrease in crime would be reflected
Q81: Saving rates tend to _ during boom
Q82: In 2016 the change in business inventories
Q83: If disposable personal income is $400 billion