« previous next »

Author Question: If the amount of money in circulation is 50 million and nominal GDP is 150 million, then the ... (Read 200 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?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

(a) Solar-driven air circulation (a) Solar-driven air circulation
(b) Latitude and atmospheric circulation. (b) Latitude and atmospheric circulation.
Systemic Circulation Systemic Circulation
Systemic Circulation Systemic Circulation
Pulmonary Circulation Pulmonary Circulation
Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 1) Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 1)
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library