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:
Verified
Correct Answer:
Verified
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