What is the United States GDP?
The United States GDP (Gross Domestic Product), like any nation’s GDP, can be defined in three different ways, all of which are similar. First, it is the total expenditures for all goods and services produced by the nation in a year-long period. Second, it can be defined as the value added to input materials at every stage of production by all industries within the United States, plus taxes, minus government subsidies. The third definition is the sum of the income of everyone in the country. The GDP of a nation indicates its level of financial wealth and economic productivity.
