If the Velocity of Money Is 4 and Nominal GDP

question 50

Multiple Choice

If the velocity of money is 4 and nominal GDP is $24 trillion, then the money supply is

• A) $28 trillion.
• B) $20 trillion.
• C) $6 trillion.
• D) $0.167 trillion.

---

Definitions:

Marketing Actions

Strategic activities undertaken by a company to promote and sell its products or services.

Tangible Attributes

Physical characteristics of a product that can be observed by the senses, such as size, color, weight, or texture.

Five Senses

Refers to the human abilities to see, hear, touch, taste, and smell, used for perception and interaction with the environment.

Physical Goods

Tangible products that can be physically touched and owned, such as electronics, clothing, and food.