Thank you for visiting As of the third quarter of 2018 the most recent estimate for the U S GDP was approximately A 18 trillion B 19 trillion C. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
As of 3Q18, the U.S. GDP was closest to $20 trillion, which would be option C, inferred from the given historical data trend.
Explanation:
The question asks for an estimate of the U.S. GDP as of the third quarter of 2018 (3Q18). Referring to the given historical data, we see that in 2013, the U.S. GDP was $16.6 trillion. By 2016, it had risen to approximately $16.7 trillion when adjusted to 2009 dollars.
Although the question does not give exact figures for 2018, based on the trend and considering that the U.S. GDP was approximately $18.4 trillion in 2020 (in 2012 dollars), it is reasonable to infer that the U.S. GDP during 3Q18 was closest to option C) $20 trillion. The GDP represents the total dollar value of all goods and services produced over a specific time period and is an important indicator of the economic health of a country.
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Thank you for reading the article As of the third quarter of 2018 the most recent estimate for the U S GDP was approximately A 18 trillion B 19 trillion C. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
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Final Answer:
As of 3Q18, the U.S. GDP was closest to $20 trillion, which would be option C, inferred from the given historical data trend.
Explanation:
The correct option is C) $20 trillion. The question asks for an estimate of the U.S. GDP as of the third quarter of 2018 (3Q18). Referring to the given historical data, we see that in 2013, the U.S. GDP was $16.6 trillion. By 2016, it had risen to approximately $16.7 trillion when adjusted to 2009 dollars.
Although the question does not give exact figures for 2018, based on the trend and considering that the U.S. GDP was approximately $18.4 trillion in 2020 (in 2012 dollars), it is reasonable to infer that the U.S. GDP during 3Q18 was closest to $20 trillion. The GDP represents the total dollar value of all goods and services produced over a specific time period and is an important indicator of the economic health of a country.
