If real GDP is 10 trillion and the velocity of circulation is 2, ...

[bobypop]

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]

Answer to Question 1

D

Answer to Question 2

B