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15 October, 00:18

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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  1. 15 October, 00:56
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    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)
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