If Nominal GDP Is $800 Billion And, on Average, Each

question 377

Multiple Choice

If nominal GDP is $800 billion and, on average, each dollar is spent four times in the economy over a year, then the quantity of money demanded for transactions purposes will be

• A) $200 billion.
• B) $400 billion.
• C) $800 billion.
• D) $3,200 billion.

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Definitions:

Anger

A strong feeling of annoyance, displeasure, or hostility.

Jealousy

An emotion arising from the fear of losing something or someone of value to another person, often associated with insecurity and desire.

Anticipatory Emotions

Emotions that are experienced in anticipation of a future event or outcome.

Goal

An objective or desired outcome that a person or organization aims to achieve.