What Is the Difference Between Speed and Velocity

question 7

Multiple Choice

What is the difference between speed and velocity?

• A)Speed is the magnitude of velocity; velocity is a vector and has both magnitude and direction.
• B)There is no difference.
• C)Speed is the rate at which something moves, while velocity is the direction in which it moves.
• D)Speed is used when describing motion in one dimension, while velocity is used when describing motion in two dimensions.
• E)Speed is the rate at which velocity changes.

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Definitions:

MPC

The Marginal Propensity to Consume, representing the proportion of any additional income that a consumer spends on goods and services, as opposed to saving it.

Crowding Out

The phenomenon where increased government spending leads to a reduction in private sector investment, due to higher interest rates or the consumption of financial resources.

Aggregate Demand

The aggregate need for goods and services in an economy at a specific price level and during a certain time frame.

Constitutional Amendment

A formal change or addition proposed to a constitution, which then requires ratification to become part of the document.