ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In 2018, how much did the U.S. produce in final goods and services (GDP)
A
12 billion dollars
B
9 trillion dollars
C
18.5 trillion dollars
D
zero
Explanation: 

Detailed explanation-1: -U.S. gdp growth rate for 2019 was 2.29%, a 0.65% decline from 2018. U.S. gdp growth rate for 2018 was 2.95%, a 0.7% increase from 2017.

Detailed explanation-2: -India gdp for 2021 was $3, 176.30B, a 19.07% increase from 2020. India gdp for 2020 was $2, 667.69B, a 5.79% decline from 2019. India gdp for 2019 was $2, 831.55B, a 4.76% increase from 2018. India gdp for 2018 was $2, 702.93B, a 1.94% increase from 2017.

Detailed explanation-3: -U.S. gdp per capita for 2020 was $63, 531, a 2.44% decline from 2019. U.S. gdp per capita for 2019 was $65, 120, a 3.66% increase from 2018. U.S. gdp per capita for 2018 was $62, 823, a 4.87% increase from 2017.

Detailed explanation-4: -According to the Top 5 economies in the world, the GDP of the USA is 26 trillion dollars.

There is 1 question to complete.