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1. GDP in the United States in 2009 was about __________.
A. $140 billion B. $1.4 trillion C. $14 trillion D. $140 trillion
2. Which of the following is not included in GDP?
A. the payments for a chiropractor's services B. cash income paid to a day laborer that is not reported to the tax authorities C. the replacement of brake pads on your six-year-old vehicle D. the fees for legal services rendered by your lawyer
3. Middle-income countries, which include much of Latin America, Eastern Europe, and some countries in East Asia, have per capita GDP in the range of ___________.
A. $60 to $120 B. $600 to $1200 C. $6,000 to $12,000 D. $60,000 to $120,000
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