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the total market value of all final goods and services produced in a country in a year

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Is this good or bad?

Its under 1% and is starting to cool down and lower spending rates as well.

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We have 3 big sectors that follows with GDP

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We have 3 big sectors that follows with GDP

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The total amount of money that is spent on final goods and services by individuals.

EX: food, rent, medical expenses

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Investment is an item acquired to generate income or appreciation

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spending abroad on US goods and services (exports) and spending by people in the US foreign goods and services (imports)

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The 3 sectors combine in to the GDP and it measures how well the US is doing financially.

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In 2021 the GDP capita is at $70,284.63

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US GDP Vs All the other countries in the world

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US GDP Vs All the other countries in the world

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1. California-3,598.1 billion

2. Texas-2,355 billion

3. New york-2,053 billion

4. Florida-1,389 billion

5. illinois-1,033 billion

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colorado is at 484 billion