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
2006-12-24 18:53:33 · 2 answers · asked by Anonymous in Social Science ➔ Economics
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.
2006-12-25 06:55:07 · answer #1 · answered by KevinStud99 6 · 3⤊ 1⤋
GDP is about 12 trillion, of this about 3/4 or 9 trillion is personal income
2006-12-24 23:08:38 · answer #2 · answered by meg 7 · 1⤊ 0⤋