Asked by mary
This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars.
Components 2000 2001
Consumption $6,684 $6,987
Investment $1,755 $1,560
Government Spending $1,751 $1,858
Exports $1,101 $1,034
Imports $1,467 $1,383
Nominal GDP $9,824 $10,056
1.3. Which of the following statements concerning the U.S. economy are totally (or unambiguously) supported by the data?
(i) The real output of goods and services increased in 2001 from 2000.
(ii) The United States ran a trade surplus in 2001.
(iii) Investment rose in 2001 from 2000, after accounting for inflation.which of the statements are supported by the data
A. i
B. ii
C. iii
D. i and ii
E. ii and iii
F. All of the
G. None of the above
Components 2000 2001
Consumption $6,684 $6,987
Investment $1,755 $1,560
Government Spending $1,751 $1,858
Exports $1,101 $1,034
Imports $1,467 $1,383
Nominal GDP $9,824 $10,056
1.3. Which of the following statements concerning the U.S. economy are totally (or unambiguously) supported by the data?
(i) The real output of goods and services increased in 2001 from 2000.
(ii) The United States ran a trade surplus in 2001.
(iii) Investment rose in 2001 from 2000, after accounting for inflation.which of the statements are supported by the data
A. i
B. ii
C. iii
D. i and ii
E. ii and iii
F. All of the
G. None of the above
Answers
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