In 2009, U.S.GDP was
A) $14 trillion using the expenditure approach.
B) $14 trillion using the income approach.
C) $14 trillion using the expenditure approach and $13 trillion using the income approach.
D) $13 trillion using the income approach and $14 trillion using the expenditure approach.
E) both A and B are correct.

Question

Quizplus · Accepted Answer

Both choices A and B are correct as they represent different approaches (expenditure vs. income) to measuring GDP, but both arrive at the same value of $14 trillion for the U.S. GDP in 2009.

In 2009, U.S.GDP Was