The nominal GDP of the U.S. in 2019 was approximately $21.4 trillion. This means that The value of output in 2019, in 2019 dollars, was around $21.4 trillion. Total income in 2019 was around $21.4 trillion O Total spending on U.S.-made goods and services in 2019 was around $21.4 trillion. All of the above are true.
The nominal GDP of the U.S. in 2019 was approximately $21.4 trillion. This means that The value of output in 2019, in 2019 dollars, was around $21.4 trillion. Total income in 2019 was around $21.4 trillion O Total spending on U.S.-made goods and services in 2019 was around $21.4 trillion. All of the above are true.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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H10.
![The nominal GDP of the U.S. in 2019 was approximately $21.4 trillion. This means that
O The value of output in 2019, in 2019 dollars, was around $21.4 trillion.
Total income in 2019 was around $21.4 trillion
Total spending on U.S.-made goods and services in 2019 was around $21.4 trillion.
All of the above are true.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fee6b2b18-d297-4ab3-8148-fc37a268ce18%2Fea7fdc14-bb90-4f42-a4e9-99b9b92495ba%2F7wmxjxh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The nominal GDP of the U.S. in 2019 was approximately $21.4 trillion. This means that
O The value of output in 2019, in 2019 dollars, was around $21.4 trillion.
Total income in 2019 was around $21.4 trillion
Total spending on U.S.-made goods and services in 2019 was around $21.4 trillion.
All of the above are true.
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