If Nominal GDP Is $5,000 Billion and the Velocity of the M2

question 28

Multiple Choice

If nominal GDP is $5,000 billion and the velocity of the M2 money supply is 5, what is the amount of the public's holding in the form of M2?

• A) $500 billion
• B) $1,000 billion
• C) $1,500 billion
• D) $2,000 billion

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits that negatively affect a person's health and wellbeing.

Behavioural Disorder

A type of disorder that involves a pattern of disruptive behaviours in children and adults that last for at least six months and cause problems in school, work, or social relationships.

Mood Disorder

An altered mood state severe enough to interfere with a person’s social and occupational functioning (for example, ability to work or go to school) and whose range of symptoms is not limited to the person’s feelings, but affects other bodily and behavioural systems as well.

Childhood-Onset

Referring to disorders or conditions that begin during the childhood years of an individual's development.