What U.S. economic measurement “shrank” from $21.4 trillion in 2019 to $20.9 trillion in 2020 as a result of the coronavirus pan

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Minchanka [31]

2 years ago

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What U.S. economic measurement “shrank” from $21.4 trillion in 2019 to $20.9 trillion in 2020 as a result of the coronavirus pan

demic?

Law

1 answer:

dsp73 · Answer 1 · 2022-09-27T01:14:53+03:00

Answer: Gross domestic product

Explanation:

The United States economic measurement that “shrank” from $21.4 trillion in 2019 to $20.9 trillion in 2020 as a result of the coronavirus pandemic is the gross domestic product.

The gross domestic product simply has to do with the value in terms of money of the goods that the economy of the United States produces for that fiscal year. It is used to know how well an economy is doing.