What Does P X Q Represent in the Equation of Exchange

question 53

Multiple Choice

What does P x Q represent in the equation of exchange?

• A)the dollar value of all final goods and services sold in a country in a given year
• B)the price index times nominal GDP
• C)real GDP
• D)the dollar value of all goods and services sold in a country in a given year

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Definitions:

ROI

Return on Investment, a financial ratio indicating the profitability of an investment relative to its cost.

Combined ROI

A metric that calculates the total return on investment from multiple investments or business units combined.

Residual Income

The amount of income that an individual or company has after all personal debts and expenses have been paid.

Investment Opportunity

A financial asset or venture that is expected to yield returns or profits in the future.