The Unites States has a higher gross domestic product when compared to other developed countries
Gross domestic product is an economic indicator that represents the value of all goods and services produced by a country during a given period (usually one year) used to measure the wealth that a country generates.
For example, in 2019, the GDP of the United States was about 21.4 trillion dollars, while the GDP of other developed countries such as China was about 14.3 trillion dollars, and Japan had a GDP of about 5 trillion dollars. From the above, it can be United States has a higher gross domestic product.
On the other hand, United States does not have the highest standard of living because countries such as finland have a higher standard of living, still United States has a relative unemployment rate and its economy is based in the gold standard.
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It’s letter c for the answer of this question
Answer:
More economic growth
Explanation:
The government has three sources of income: taxation, debt, and currency printing.
Economic growth would help increase income in with each of the three sources.
More economic growth means that people and firms are earning more money, therefore, they can be taxed more.
If the country has a high growth rate, it's credit rating will probably be good, and obtaining debt will probably be cheaper and easier.
If the economy is growing, the central bank can print more money without causing excessive inflation.
Farm Families
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