Nominal GDP (I

question 165

Multiple Choice

Nominal GDP (i.e. PY) is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is

• A) 22.5.
• B) 10.5.
• C) 2.5.
• D) 3.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, often derived from profits.

Constant Rate

A situation or condition in which a particular variable remains unchanged over a period of time.

Dividends

A corporation's distribution of profits to its shareholders as payments.

Paid

Refers to the status of a financial obligation that has been fulfilled or settled.