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What is the gross domestic product of the United States?

Question:

What is the gross domestic product of the United States?

Gross Domestic Product:

Gross domestic product (GDP) is the value of all finished goods and services that are produced within the country in a certain period of time. Expenditures/spending, production, and income earned by production are three different ways in which GDP can be calculated. The calculations of GDP are tracked by economists and investors and are a way to show the country's economic health.

Answer and Explanation:

The United States is one of the leading countries in technology innovation as well as military and medical supplies and remains to have the top economy in the world. In 2018 The gross domestic product of the United States was $20.58 trillion and is expected to hit $22 trillion by 2020.


Learn more about this topic:

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Overview of the Gross Domestic Product

from CLEP Social Sciences and History: Study Guide & Test Prep

Chapter 59 / Lesson 2
3.5K

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