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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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