If Nominal GDP Is 2,000 and the Money Supply Is

question 205

Multiple Choice

If nominal GDP is 2,000 and the money supply is 80, what is the velocity of money?

• A) 50
• B) 25
• C) 4
• D) 16
• E) Cannot be calculated without more information.

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An individual whose net worth or wealth is equal to or exceeds one million units of currency.

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