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Author Question: If real GDP is 10 trillion and the velocity of circulation is 2, the quantity of money A) is 2 ... (Read 94 times)

bobypop

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on: Jun 29, 2018
If real GDP is 10 trillion and the velocity of circulation is 2, the quantity of money
 
  A) is 2 trillion.
  B) is 5 trillion.
  C) is 20 trillion.
  D) cannot be determined from the information given.

Question 2

The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. Using the figure, what is the tax per blouse?
 
  A) 10 per blouse
  B) 20 per blouse
  C) 30 per blouse
  D) 40 per blouse


smrtceo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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