Suppose the Nominal GDP of a Country Is $500 Billion

question 64

Multiple Choice

Suppose the nominal GDP of a country is $500 billion. If the velocity of money in the country is 10, then the country's money supply will equal:

• A) $5,000 billion.
• B) $510 billion.
• C) $490 billion.
• D) $50 billion.

---

Definitions:

Attachments

Emotional bonds that form between individuals, such as between parents and children, influencing personal development and behavior throughout life.

Sense of Security

The feeling or perception of being safe, protected, or free from danger or anxiety.

Homogenous

Describing a group, material, or mixture that is uniform in composition or character; similar throughout.

Spontaneous

Occurring without apparent external cause, impulsive or arising from a natural inclination or impulse.