-Refer to the above table (figures in billions). The nominal GDP for 2018 is
A) $4819.6 billion.
B) $4091.3 billion.
C) $5677.5 billion.
D) uncertain without more information.

Question

-Refer to the above table (figures in billions). The nominal GDP for 2018 is
A) $4819.6 billion. 
B) $4091.3 billion. 
C) $5677.5 billion. 
D) uncertain without more information.

Quizplus · Accepted Answer

Nominal GDP is calculated by summing up all the expenditures in the economy. The table likely provides the necessary components to calculate this, leading to the total of $5677.5 billion.

-Refer to the Above Table (Figures in Billions)