In the Equation of Exchange, If M = $1

question 229

Multiple Choice

In the equation of exchange, if M = $1.5 trillion, V = 7, and P = 1.05, then

• A) nominal GDP is $10 trillion.
• B) Q = $10 trillion.
• C) Q = $10.5 trillion.
• D) real GDP is $10.5 trillion.

---

Definitions:

Public Support

Financial or non-financial assistance given by the general public to nonprofit organizations through donations, grants, or services.

Contributions

Financial or other forms of aid provided by individuals or entities to support a cause, project, or entity.

Contributions

Money, goods, or services given to a business or a non-profit entity without any expectation of return, often for charitable reasons.

Artworks And Historical Treasures

Artworks and historical treasures represent valuable and culturally significant assets owned by entities, often not intended for sale but preserved for public benefit, educational purposes, and cultural preservation.