Question

Suppose the total value of all assets in the United States is $10 trillion. In 2010, the total value of all final services produced in the United States was $150 billion, the total value of all final goods produced in the United States was $350 billion, and the total value of all final goods and services produced by American firms in other countries was $100 billion. In this situation, Gross

Domestic Product for 2006 was

A) $600 billion.

B) $510 billion.

C) $500 billion.

D) $10.5 trillion.

Answer

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