If Nominal GDP Is $200 Billion and the Stock of Money

question 192

True/False

If nominal GDP is $200 billion and the stock of money is $40 billion, the velocity is 5.

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Definitions:

Multiply

To increase a number by a specified factor, or the operation of adding a number to itself a certain number of times.

Simplify

To alter an expression to make it easier to understand or work with, often by combining like terms or applying mathematical operations.

Multiply

The process of calculating the total of one number added to itself a specified number of times.

Missing Factor

In mathematics, the unknown quantity in a multiplication problem that, when multiplied by a known quantity, gives a specific product.