If Nominal GDP Is $600 Billion And, on the Average

question 95

Multiple Choice

If nominal GDP is $600 billion and, on the average, each dollar is spent three times per year, then the amount of money demanded for transactions purposes will be

• A) $1,800 billion.
• B) $600 billion.
• C) $200 billion.
• D) $1,200 billion.

---

Definitions:

Diagnosis

The process of identifying a disease or condition from its signs and symptoms, often involving tests and examinations.

Mortality

The state of being mortal or the incidence of death within a population.

Mortal

Pertaining to a being that is subject to death; not immortal.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.