If GDP Is Currently Growing at 28 % a Year

question 189

Multiple Choice

If GDP is currently growing at 28 % a year, the velocity of money is growing at 1% a year, and the growth rate of money supply is 15%, what rate of inflation can this country expected based on the quantity theory of money?

• A)-12%
• B)12%
• C)44%
• D)0.5%
• E)-13%

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