The Nominal GDP of the U

question 102

Multiple Choice

The nominal GDP of the U.S.in 2012 was approximately $16.2 trillion.This means that

• A)the value of output in 2012 was around $16.2 trillion.
• B)total income in 2012 was around $16.2 trillion.
• C)total spending in 2012 was around $16.2 trillion.
• D)all of the above are true.

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Definitions:

Combined Turnover

The total revenue generated from all sources by a company or group of companies, without deducting any costs or losses.

Investment Opportunity

A potential venture or avenue through which an investor can put money into assets or projects expecting a favorable financial return.

Combined Return On Investment

A measure assessing the total financial return of different investments or the aggregate performance of an entire investment portfolio.

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue that exceeds variable costs, contributing to covering fixed costs and generating profit.