If Nominal GDP Is $2,000 Billion and the Amount of Money

question 225

True/False

If nominal GDP is $2,000 billion and the amount of money demanded for transactions purposes is $500 billion, then on average each
dollar will be spent about four times a year.

---

Definitions:

Biotic Potential

Maximum possible population growth rate under optimal conditions.

Optimal Conditions

The most favorable environmental or operational settings at which a specific process, such as an enzyme activity, performs its best.

Opportunistic Life History

A strategy wherein organisms take immediate advantage of favorable conditions for growth and reproduction without a fixed pattern, often in unpredictable environments.

Parental Investment

Any contribution by a parent to an offspring that increases the offspring's chance of surviving and reproducing at the cost of the parent's ability to invest in other offspring.