Solved

The Nominal GDP of the U

Question 16

Multiple Choice

The nominal GDP of the U.S.in 2016 was approximately $18.6 trillion.This means that


A) the value of output in 2016 was around $18.6 trillion.
B) total income in 2016 was around $18.6 trillion.
C) total spending in 2016 was around $18.6 trillion.
D) all of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: Table 8-2
Table 8-2 </p></div><svg width=

Q12: Which of the following transactions represents the

Q13: Which of the following goods is directly

Q14: Macroeconomics,as opposed to microeconomics,includes the study of

Q15: In the circular flow model,the value of

Q17: Which of the following is not directly

Q18: Table 8-1
Table 8-1 </p></div><svg width=

Q19: During a business cycle expansion,total production _

Q20: In calculating gross domestic product,the Bureau of

Q21: Steve Ballmer organized government spending data on

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents