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13 Dec 2019

If real GDP is $10 trillion, the price level is 120, and the quantity of money is $4 trillion, what is the velocity of circulation? a) 30 b) 3 c) 2.5 d) 25

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17 Dec 2019
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Related questions

If in some year real GDP was $5 trillion and the GDP deflator was 200, what was the nominal GDP?

a. $2.5 trillion

b. $10 trillion

c. $40 trillion

d. $100 trillion

Consider the following data: The money supply is $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. what is the income velocity of money?

1.

Given nominal GDP of $4.2 trillion and a GDP Deflator is 120, we can conclude that real GDP is equal to:

A. $3 Trillion.
B. $3.5 Trillion.
C. $3.9 Trillion.
D. $5.2 Trillion.

2.

Say real GDP is $9.2 trillion. If personal consumption is $5.1 trillion, investment is 1.8 trillion, and government purchases are 2.5 trillion, then:

A. personal consumption is less than exports.
B. exports exceed imports by $0.2 trillion.
C. imports are equal to exports.
D. imports exceed exports by $0.2 trillion.

3. If nominal output is $4.2 trillion and the GDP Deflator is 5 percent higher than its base year, then real output is:

4. If the CPI in 1979 was 72.6 and it was 82.4 in 1980, then the inflation rate from 1979 to 1980 was?

5. Housing comprises roughly 40% of the market basket in the CPI. If the price of housing rises 15% in one year while the other components in the CPI rise by 10%, the CPI will rise by 12%. True or False?

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