In the Second Quarter of 1995, the Following Values Were

question 50

Multiple Choice

In the second quarter of 1995, the following values were observed: real GDP = 4,359.3 billion; GDP deflator = 325.1; and M1 = 989.5. What is the value of velocity?

• A) 32.51
• B) 24.31
• C) 14.32
• D) 2.31

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Definitions:

Single Woman

An adult female who is not married.

Federal Minimum Wage

The lowest legal hourly wage that an employer can pay to workers in the United States, set by federal law.

Poverty Problem

A social issue involving a lack of financial resources that is enough to meet the basic needs such as food, clothing, and shelter.

Child Poverty Rate

The percentage of children living in households with an income below the poverty threshold defined by national standards.