What does GDP measure?

(1 point)
Responses

the number of people in a given area
the number of people in a given area

the average salary of people in a given area
the average salary of people in a given area

the total value of economic goods in a given area
the total value of economic goods in a given area

the number of industries in a given area

9 answers

GDP measures the total value of economic goods in a given area.

What were three main industries that grew and thrived in the nineteenth century in Indiana?
(1 point)
Responses

coal mining, automobile manufacturing, services
coal mining, automobile manufacturing, services

limestone production, transportation, agriculture
limestone production, transportation, agriculture

automobile manufacturing, pharmaceuticals, communication
automobile manufacturing, pharmaceuticals, communication

services, glass making, limestone production

The three main industries that grew and thrived in the nineteenth century in Indiana were limestone production, transportation, agriculture.

The Wabash and Erie Canal was no longer needed because
(1 point)
Responses

the invention of the car made it easier for people to ship goods.
the invention of the car made it easier for people to ship goods.

the railroad system was more efficient at carrying goods.
the railroad system was more efficient at carrying goods.

coal mining replaced the need for steam powered boats.
coal mining replaced the need for steam powered boats.

agriculture products no longer needed to be shipped.
agriculture products no longer needed to be shipped.

The Wabash and Erie Canal was no longer needed because the railroad system was more efficient at carrying goods.

Which product, developed by the Studebaker brothers, helped farmers, mining, and the military?
(1 point)
Responses

coal
coal

limestone
limestone

wagons
wagons

boats

The product developed by the Studebaker brothers that helped farmers, mining, and the military was wagons.

How do the innovations of entrepreneur Eli Lilly affect today's global economy?
(1 point)
Responses

The Lilly Corporation is a leading pharmaceutical manufacturer, employing over 36,000 people around the world.
The Lilly Corporation is a leading pharmaceutical manufacturer, employing over 36,000 people around the world.

The Lilly Corporation is a leader in the coal mining industry, employing nearly 75,000 around the world.
The Lilly Corporation is a leader in the coal mining industry, employing nearly 75,000 around the world.

The Lilly Corporation is the largest agricultural company in the state.
The Lilly Corporation is the largest agricultural company in the state.

The Lilly Corporation is one of top producers of steel, employing over 50,000 people around the world.

The correct response is: The Lilly Corporation is a leading pharmaceutical manufacturer, employing over 36,000 people around the world.