If Nominal GDP Is $12 Billion, the Price Level Is

question 38

Multiple Choice

If nominal GDP is $12 billion, the price level is 120, and the quantity of money is $4 billion, what is the velocity of circulation?

• A)3
• B)30
• C)2.5
• D)25

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Definitions:

Health Belief Model

A psychological framework that projects and clarifies the health practices of people by delving into their personal attitudes and beliefs.

Planned Behavior

A theory in psychology that explains individuals' intention to engage in a behavior based on attitudes, subjective norms, and perceived behavioral control.

Stage Models

Theoretical frameworks that describe a sequence of stages that individuals go through in the process of behavioral or psychological change.

Health Behaviors

Actions taken by individuals that affect their health, either positively or negatively, such as diet, exercise, smoking, and alcohol consumption.