If the Velocity of Money Is 10 and Money Supply

question 160

Multiple Choice

If the velocity of money is 10 and money supply is $100, then nominal GDP is _____

• A) $1.
• B) $10.
• C) $100.
• D) $1,000.
• E) $2,000.

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Definitions:

Sedimentary Layers

Strata or beds of sedimentary rock that have been deposited over time, often horizontally.

Volcanic Eruption

The explosive release of magma, ash, and gases from a volcano, affecting its surrounding areas.

Rotational Slide

A type of landslide characterized by the downhill rotation of rock or soil mass along a concave-upward surface.

Earth Flow

A flowing mass of weak, mostly fine-grained material, especially mud and soil.