The GDP of the U

question 214

Multiple Choice

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

• A) that the value of output in the U.S. in 2014 was around $17.4 trillion.
• B) that total income in the U.S. in 2014 was around $17.4 trillion.
• C) that total spending on final goods and services in the U.S. in 2014 was around $17.4 trillion.
• D) all of the above

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Definitions:

Social Composition

The structure and demographic makeup of a society or social group, including aspects like age, gender, income level, and ethnicity.

Fertility Rates

The average number of children born to a woman over her lifetime within a specific population.

Kerala

A state in the southern part of India, known for its significant achievements in health, education, and social welfare.

Industrialized

Referring to countries, economies, or societies that have developed complex industries in wide-ranging sectors and demonstrate significant technological advancement.