If Nominal GDP Equals $10 Trillion and the Velocity of Circulation

question 281

Multiple Choice

If nominal GDP equals $10 trillion and the velocity of circulation is 5, then

• A) real GDP is $2 trillion.
• B) the quantity of money is $50 trillion.
• C) the quantity of money is $2 trillion.
• D) the real value of the quantity of money is $10 trillion.

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Definitions:

Urethra

The tube that carries urine from the bladder to be expelled outside the body.

Trigone

A triangular area located in the urinary bladder, situated between the openings of the ureters and the urethra, which remains stable while the rest of the bladder expands or contracts.

Bladder

A hollow organ in the lower abdomen that stores urine before it is expelled from the body.

Pelvis

The lower part of the torso in humans and other vertebrates, consisting of the pelvis bones which surround and protect organs like the bladder and reproductive organs.