Refer to the Accompanying National Income Data (In Billions of

question 179

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Disposable Income } & \$ 200 \\\hline \text { Net Private Domestic Investment } & 40 \\\hline \text { US Imports } & 15 \\\hline \text { National Income } & 300 \\\hline \text { Personal Taxes } & 31 \\\hline \text { Net Exports } & 9 \\\hline \text { Gross Private Domestic Investment } & 55 \\\hline \text { Net Foreign Factor Income } & 10 \\\hline \text { Statistical Discrepancy } & 0 \\\hline\end{array}$$ Refer to the accompanying national income data (in billions of dollars) . In these data, U.S. GDP is

• A) $315 billion.
• B) $324 billion.
• C) $305 billion.
• D) $367 billion.

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Definitions:

Treaty of Paris

A series of agreements signed between different sets of countries to end conflicts, with the most famous one in 1783 ending the American Revolutionary War.

Westward Expansion

The movement and settlement of European settlers and their descendants across North America, often displacing indigenous populations, during the 19th century.

National Myth

A widely held belief or story that embodies the ideals, values, and historical experiences of a nation, often serving to unify and inspire its citizens.