If Nominal GDP Is $12 Trillion, the Price Level Is

question 192

Multiple Choice

If nominal GDP is $12 trillion, the price level is 120, and the quantity of money is $4 trillion, what is the velocity of circulation?

• A) 3
• B) 2.5
• C) 30
• D) 25

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Definitions:

Maladaptive

Behaviors or thought patterns that are counterproductive to an individual's wellbeing or adaptation to their environment.

Stresses

States of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Everyday Demands

The regular pressures and requirements of daily living that individuals need to manage or satisfy.

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of officially recognized psychiatric disorders, used by healthcare professionals in the U.S. and other countries.