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Gdp in the united states

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Reference no: EM131092689

1. GDP in the United States in 2009 was about __________.

A. $140 billion
B. $1.4 trillion
C. $14 trillion
D. $140 trillion

2. Which of the following is not included in GDP?

A. the payments for a chiropractor's services
B. cash income paid to a day laborer that is not reported to the tax authorities
C. the replacement of brake pads on your six-year-old vehicle
D. the fees for legal services rendered by your lawyer

3. Middle-income countries, which include much of Latin America, Eastern Europe, and some countries in East Asia, have per capita GDP in the range of ___________.

A. $60 to $120
B. $600 to $1200
C. $6,000 to $12,000
D. $60,000 to $120,000

Reference no: EM131092689

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