If Nominal GDP Is $848 Billion and the Velocity of Money

question 271

Multiple Choice

If nominal GDP is $848 billion and the velocity of money is 4, then the

• A) money supply is $170 billion.
• B) money supply is $212 billion.
• C) consumer price index is 340.
• D) average level of prices is $170 billion.

---

Definitions:

Physical Traits

Characteristics that are observable and measurable, mainly pertaining to the body.

Creativity

The ability to produce original and unusual ideas, or to make something new and imaginative.

Flexibility

The capacity to adapt, change, and be versatile in response to different circumstances or demands.

Shared Goals

Objectives that are collectively agreed upon or pursued by a group, team, or organization, aiming to foster unity and collaboration among members.