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Scenario 5 In 2021, The U.S. government sends $100 of stimulus checks to households, which households use to buy stocks and bonds. In 2022, U.S.
Scenario 5In 2021, The U.S. government sends $100 of stimulus checks to households, which households use to buy stocks and bonds. In 2022, U.S. Metals Inc. imports $50 of iron from England. During this same year, U.S. Metals Inc. uses $40 of iron to produce $80 of steel$60 sells to government, and $20 is exported to Germany.
Refer to Scenario 5 above. What is nominal GDP in 2021?
Question 8 options:
$0 | |
-$100 | |
$100 | |
None of the above. |
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