How much is the total income of the United States of America?
Ameirca spends 400 billion dollars for military activities , could anybody tell me and intorduce me a website that How much is the total income of Ameirca?
Thank you
Answer:
Total national income, as the term is usually used, is running at $13.3 trillion dollars and growing about 6% a year (that is "nominal" GDP growth.) That is the US's GDP. You may be interested to learn that as a percentage of GDP, military spending is far, far lower than it was during much of the 20th century, from before World War II through the end of the Cold War in the 1990s. By the standards of most of the last century, the US is being very, very frugal with its military spending.
GDP is about 12 trillion, of this about 3/4 or 9 trillion is personal income
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Thank you
Answer:
Total national income, as the term is usually used, is running at $13.3 trillion dollars and growing about 6% a year (that is "nominal" GDP growth.) That is the US's GDP. You may be interested to learn that as a percentage of GDP, military spending is far, far lower than it was during much of the 20th century, from before World War II through the end of the Cold War in the 1990s. By the standards of most of the last century, the US is being very, very frugal with its military spending.
GDP is about 12 trillion, of this about 3/4 or 9 trillion is personal income
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