« previous next »

Author Question: If the amount of money in circulation is 50 million and nominal GDP is 150 million, then the ... (Read 136 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
If the amount of money in circulation is 50 million and nominal GDP is 150 million, then the velocity of money is:
 a. 0.33.
 b. 2.
 c. 3.
 d. impossible to determine from the information provided.

Question 2

Per capita real GDP does not give us information about the distribution of income in a country or about the nonmonetary quality of life.
 a. True
  b. False
  Indicate whether the statement is true or false


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Thank you :)


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Formation of bilirubin, circulation and elimination Formation of bilirubin, circulation and elimination
During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc
Masaccio, The Tribute Money. Masaccio, The Tribute Money.
Pulmonary and systemic circulation Pulmonary and systemic circulation
Hepatic Portal Circulation Hepatic Portal Circulation
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library