GDP Is $2,000 Billion,the Price Level Is 100,and the Velocity

question 20

Multiple Choice

GDP is $2,000 billion,the price level is 100,and the velocity of circulation is 5.The quantity of money is

• A)$10,000 billion.
• B)$2,000 billion.
• C)$400 billion.
• D)$20 billion.
• E)$500 billion.

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Definitions:

Divested Corporations

Companies that have sold or disposed of a business unit or division to refocus their operations or strategies.

Closely Held Corporations

Corporate entities characterized by a small number of shareholders, with shares that do not trade on public exchanges and are often family-owned or controlled.

Limited Partnership

A business structure in which one or more of the owners may be granted limited liability as long as one partner is designated as a general partner with unlimited liability.

General Partnership

A business structure in which the business owners share the management and risk of the business.