If nominal GDP is $10 trillion, and velocity is 10, the money supply is
A) $1 trillion.
B) $5 trillion.
C) $10 trillion.
D) $100 trillion.
A
Economics
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If a country had a nominal GDP of $753 million, and the GDP deflator was 90, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million
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Suppose the nominal gross domestic product of a nation is $1,000 and the money supply is $500 . According to the equation of exchange, the velocity of money in the nation is: a. 1,000
b. 500. c. 2. d. 500,000.
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According to the following table, how much higher are prices in 2021 compared to in 2019?
a. 48 percent
b. 75 percent
c. 93 percent
d. 175 percent
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Between 2006 and 2009, our current account deficit.
A. increased B. decreased C. stayed the same.
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