If Velocity Is 6 and the Quantity of Money Is

question 95

Multiple Choice

If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?

• A) $12 trillion
• B) $6 trillion
• C) $3 trillion
• D) $333 billion

---

Definitions:

Payments to Employees

Refers to all forms of compensation, both monetary and in-kind, given to employees for their services.

Payments of Interest

The act of paying the interest charge on a loan or debt, typically made at regular intervals over the lifetime of the loan.

Payments for Income Tax

Financial outlays made by individuals or corporations to government entities in accordance with taxable income or profits.

Unearned Rental Revenue

Income received from tenant payments before the rental period has occurred, recorded as a liability until earned through the passage of time.