The nominal GDP of the U.S.in 2010 was approximately $14.6 trillion.This means that
A) the value of output in 2010 was around $14.6 trillion.
B) total income in 2010 was around $14.6 trillion.
C) total spending in 2010 was around $14.6 trillion.
D) all of the above are true.
Correct Answer:
Verified
Q2: Suppose,in 2012,you purchased a house built in
Q3: Macroeconomics seeks to understand
A)economic growth,business cycles,and inflation.
B)industry
Q7: Macroeconomics,as opposed to microeconomics,includes the study of
Q7: In May 2009,the U.S.auto industry experienced a
Q8: Which of the following would be directly
Q8: In the circular flow model,the value of
Q12: Which of the following transactions represents the
Q14: Macroeconomics,as opposed to microeconomics,includes the study of
Q15: In the circular flow model,the value of
Q20: In calculating gross domestic product,the Bureau of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents