If Real GDP Equals 5,000, Nominal GDP Equals 10,000, and the Price

question 53

Multiple Choice

If real GDP equals 5,000, nominal GDP equals 10,000, and the price level equals 2, then what is velocity if the money stock equals 2,000?

• A) 2
• B) 2.5
• C) 10
• D) 5

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Definitions:

Obesity

A medical condition where excess body fat accumulates to an extent that it may have a negative effect on health.

Injury

Harm or damage to the body resulting from accidents, falls, hits, weapons, and other causes.

Strength

The ability of muscles to exert force against resistance, important for physical fitness and overall health.

Stretching Exercises

Physical activities that aim to increase muscle flexibility and joint range of motion.