Final answer:
The question seeks to determine the projected nominal GDP of the United States for the year 2011. Analyzing historical data, the nominal GDP for 2011 could have been estimated to be between $15 trillion and $16 trillion, continuing the pattern of growth observed from the past years.
Step-by-step explanation:
Projected US Nominal GDP in 2011
The question pertains to the US nominal GDP projection for the year 2011. Nominal GDP, or Gross Domestic Product, is a measure of a country's economic output without adjusting for inflation. According to the Bureau of Economic Analysis (BEA), the nominal GDP values have shown an exponential increase from 1960 to 2010. By reviewing this trend, one can infer that the nominal GDP in 2011 would continue this pattern of growth.
In 2010, the nominal GDP was around $14.6 trillion, and given the historical data that indicates a consistent GDP growth, one might project that the 2011 figure would be higher. It is known from the BEA data that the nominal GDP reached approximately $16.6 trillion by 2013. Given this information, the 2011 nominal GDP of the United States might have been projected to be between $15 trillion to $16 trillion, aligning with the historical trend of incremental growth.
Understanding the nominal GDP is crucial for grasping the scale of a nation's economy. It serves as an indicator of a country's economic health and has implications for business cycles, policy making, and investment decisions.