GDP Is $2,000 Billion, the GDP Deflator Is 100 (A

question 97

Multiple Choice

GDP is $2,000 billion, the GDP deflator is 100 (a price level of 1) , and the velocity of circulation is 5. The quantity of money is

• A)$10,000 billion.
• B)$2,000 billion.
• C)$400 billion.
• D)$20 billion.
• E)$500 billion.

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Definitions:

β-galactosidase Enzyme

An enzyme that catalyzes the hydrolysis of β-galactosides into monosaccharides, primarily involved in lactose breakdown.

Lac Operon

A gene regulatory mechanism in bacteria where the metabolism of lactose is controlled by the interaction of several genes and protein products.

Mutation

A change in the DNA sequence within an organism's genome, which can lead to variations in physical appearance, function, or behavior.

Lactose

A sugar present in milk and dairy products, consisting of glucose and galactose units.