According to the Equation of Exchange, If the Quantity of Money

question 101

Multiple Choice

According to the equation of exchange, if the quantity of money is $4 billion and the velocity of circulation is 3, nominal GDP is

• A)$1.3 billion.
• B)$8 billion.
• C)$12 billion.
• D)$0.75 billion.
• E)$7 billion.

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Definitions:

Secondary Sex Characteristics

The visible signs of sexual maturity that do not directly involve the sex organs.

Primary Sex Characteristics

Characteristics associated with the development of the organs and structures of the body that directly relate to reproduction.

Sexual Maturity

The stage of development where an individual is physiologically capable of reproductive activity.

Young Old

A demographic term referring to older adults typically aged 65 to 74 who are often in relatively good health and active.