If Annual GDP Is $100 Billion and the MS Is

question 45

Multiple Choice

If annual GDP is $100 billion and the MS is $20 billion, the velocity of money (VM) is ________.

• A)2
• B)5
• C)20
• D)50
• E)none of the above

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Definitions:

Revenue Variance

The gap between what was expected in revenue and what was actually earned.

Budgeting Formulas

Mathematical expressions used to forecast and plan financial outcomes based on various inputs and assumptions.

Actual Level

The current, real-world status or extent of an activity or performance.

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue, indicating a company's financial performance.