The GDP of the U.S. in 2002 was around $10 trillion. This means Group of answer choices All of the above that total income in 2002 was around $10 trillion. that total spending in 2002 was around $10 trillion. that the value of output in 2002 was around $10 trillion.

The GDP of the U.S. in 2002 was around $10 trillion. This means Group of answer choices All of the above that total income in 2002 was around $10 trillion. that total spending in 2002 was around $10 trillion. that the value of output in 2002 was around $10 trillion.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQP

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Question

The GDP of the U.S. in 2002 was around $10 trillion. This means

Group of answer choices

All of the above

that total income in 2002 was around $10 trillion.

that total spending in 2002 was around $10 trillion.

that the value of output in 2002 was around $10 trillion.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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