If the Velocity of Money Is 3,nominal GDP Is $300

question 30

Multiple Choice

If the velocity of money is 3,nominal GDP is $300 billion and real GDP is $250 billion,then the supply of money is:

• A)$100 billion.
• B)$50 billion.
• C)$2500 billion.
• D)$2 billion.
• E)indeterminate.

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Definitions:

Sulfuric Acid

A highly corrosive strong mineral acid with the molecular formula H2SO4, widely used in industry and manufacturing.

Carbanion

A negatively charged ion (anion) of carbon that carries a lone pair of electrons, making it extremely reactive in organic reactions.

Hydride Shift

A rearrangement reaction where a hydride ion (H-) moves from one carbon atom to another within a molecule.

Methyl Shift

A rearrangement reaction where a methyl group in a molecule moves from one carbon atom to an adjacent carbon.