If Nominal GDP Equals $10 Trillion and the Velocity of Circulation

question 210

Multiple Choice

If nominal GDP equals $10 trillion and the velocity of circulation is 5, then

• A) the quantity of money is $2 trillion.
• B) the real value of the quantity of money is $10 trillion.
• C) the quantity of money is $50 trillion.
• D) real GDP is $2 trillion.

---

Definitions:

Op Art

An artistic movement of the 1960s in which painters sought to produce optical illusions of motion and depth using only geometric forms on two-dimensional surfaces.

Pointillist Manner

A painting technique in which small, distinct dots of color are applied in patterns to form an image, associated with Post-Impressionism.

Bridget Riley

A British painter known for her work in the op-art movement, creating optical illusions and dynamic visual effects through abstract patterns.

Biomorphic Surrealism

A style of surrealism that incorporates patterns, shapes, and designs inspired by forms and structures found in nature, often evoking an organic appearance.