If the Velocity of Money Is 5 and Nominal GDP

question 81

Multiple Choice

If the velocity of money is 5 and nominal GDP is $50 trillion, then money supply is _____

• A) $1 trillion.
• B) $10 trillion.
• C) $100 trillion.
• D) $200 trillion.
• E) $500 trillion.

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Definitions:

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Individuals who belong to a labor union, which is an organization that represents workers' interests in negotiations with employers.

Workers

Individuals engaged in a particular activity or employment, either for wages or as part of a specified task.

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The action of reducing someone's rank, status, or position, often as a disciplinary measure or organizational restructuring.

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