Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The nominal GDP of the U.S. in 2016 was approximately $18.6 trillion. This means that Part 2 A. the value of final output in 2016
The nominal GDP of the U.S. in 2016 was approximately $18.6 trillion. This means that Part 2 A. the value of final output in 2016 was around $18.6 trillion. B. total income in 2016 was around $18.6 trillion. C. total spending on final goods and services in 2016 was around $18.6 trillion. D. All of the above are true
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started