Author Question: If velocity is 6 and the quantity of money is 2 trillion, what is nominal GDP? A) 12 trillion B) ... (Read 123 times)

nautica902 · **on:** Jun 29, 2018

If velocity is 6 and the quantity of money is 2 trillion, what is nominal GDP?

A) 12 trillion
B) 6 trillion
C) 3 trillion
D) 333 billion

Question 2

Total cost is equal to the

A) sum of the total fixed cost and the total variable cost.
B) sum of the average fixed cost and the average variable cost.
C) difference between the average variable cost and the average fixed cost.
D) product of the marginal cost multiplied by the average total cost.