GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The gross domestic product (GDP of the United States is approximately equal to that of
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China
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all of the countries in the European Union
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England and France
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the rest of the world
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Explanation:
Detailed explanation-1: -Within imports, both goods (led by nonautomotive capital goods) and services (led by travel) increased. Current-dollar GDP increased 9.2 percent, or $2.15 trillion, in 2022 to a level of $25.46 trillion, compared with an increase of 10.7 percent, or $2.25 trillion, in 2021 (tables 1 and 3).
Detailed explanation-2: -In 2021 the gross domestic product of the European Union amounted to approximately 14.45 trillion euros. GDP is the total value of all goods and services produced in a country within a year. It is an important indicator of the economic strength of a country.
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