The total cost of health care in the United States is often expressed as a percentage of the country's gross domestic product (GDP). The GDP represents what percentage of the country's income for all goods and services?

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Business

Kendal Rosario

13 March, 07:24

The total cost of health care in the United States is often expressed as a percentage of the country's gross domestic product (GDP). The GDP represents what percentage of the country's income for all goods and services?

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Answers (1)

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Allisson Riggs · Answer 1

GDP = 100% of the country's income for all goods and services

Explanation:

The country's GDP is defined as the total production of finished and legal goods and services within a given period (usually a year).

The GDP is equal to the sum of all private consumption + private investments + government spending + net exports (exports - imports)