Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Economics questions