The Nominal GDP of the U

question 115

Multiple Choice

The nominal GDP of the U.S.in 2010 was approximately $14.6 trillion.This means that

• A) the value of output in 2010 was around $14.6 trillion.
• B) total income in 2010 was around $14.6 trillion.
• C) total spending in 2010 was around $14.6 trillion.
• D) all of the above are true.

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Definitions:

Coercive Power

Power based on the use of sanctions or punishments to influence others.

Legitimate Power

Power that is based on respect for a person’s position.

Conflict Management Style

The approaches and methods an individual uses to handle disagreements, disputes, or differences in a constructive or destructive manner.

Accommodation

Adjusting one's behavior or responses to suit another person's needs or preferences, often to maintain harmony in relationships.