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Author Question: If the amount of money in circulation is 50 million and nominal GDP is 150 million, then the ... (Read 199 times)

DelorasTo

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


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DelorasTo

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Reply #2 on: Jun 30, 2018
Thank you :)


amit

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Reply #3 on: Jun 30, 2018
Happy to help you


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