Page 4 of 6 Question 14 The real GDP in 2008 was 133122 bill

Page 4 of 6
Question 14
The real GDP in 2008 was $13,312.2 billion. This means that
A. Aggregate demand in 2008 was necessarily $13,312.2 billion.
B. The sum of aggregate demand and inventory changes in 2008 was necessarily $13,312.2 billion
C. Aggregate demand in 2008 was necessarily less than $13,312.2 billion.
D. Unplanned changes in inventories were zero.
E. None of the above.

Solution

The real GDP in 2008 was $13,312.2 billion. This means that

B. The sum of aggregate demand and inventory changes in 2008 was necessarily $13,312.2 billion