Exhibit 11-3 GDP Data (Billions of Dollars)

question 90

Multiple Choice

Exhibit 11-3 GDP data (billions of dollars)

-Use the information in Exhibit 11-3 to compute GDP.Which of the following is correct?

• A)$8500 billion.
• B)$8400 billion.
• C)$7400 billion.
• D)$8650 billion.
• E)$8350 billion.

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Definitions:

Base Year

A specific year or period used as a reference point for comparison purposes in financial analysis.