If Nominal GDP Is $7,700 Billion and M1 Is $1,000

question 40

Multiple Choice

If nominal GDP is $7,700 billion and M1 is $1,000 billion, then velocity is

• A) 10.7.
• B) 7.7.
• C) 7.1.
• D) 7.0.

---

Definitions:

Stem

In 'stem-and-leaf' displays, the 'stem' represents the leading digits of the numbers, providing a quick overview of data distribution while retaining the original data values.

Categorical Variables

Non-numeric variables that represent categories or groups.

Pie Charts

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole, often used to visualize the relative proportions of different categories.

Bar Graphs

A visual representation of data using bars of varying heights or lengths to show the values of different categories.