The GDP is $12 billion.
<h3>What is Velocity of circulation in Economics?</h3>
In Economics, Velocity of circulation refers to the circulation of the amount of the money during a given period of the time. The calculation of the velocity of circulation is done by dividing GDP by the country's total money supply.
The Gross domestic product (GDP) is the standard measurement of the total value of the goods and services produced in the country in the given period of time.
According to the question, Velocity of Circulation is 4 and quantity of money is $3 billion.The calculation of the GDP is as follows:-
Gross domestic product = 4×3 billions
= $ 12 billions
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Answer:
Use the map of Georgia to consider different applications of von Thünen’s model.Assuming an absence of topographical features, in one to two sentences describe how different types of farming would be arranged around Atlanta, according to von Thünen’s model.In 2–3 sentences, describe how the site factors near Savannah would affect the distribution of types of farming around Savannah’s city center, according to von Thünen’s model.
Explanation:
Use the map of Georgia to consider different applications of von Thünen’s model.Assuming an absence of topographical features, in one to two sentences describe how different types of farming would be arranged around Atlanta, according to von Thünen’s model.In 2–3 sentences, describe how the site factors near Savannah would affect the distribution of types of farming around Savannah’s city center, according to von Thünen’s model.Use the map of Georgia to consider different applications of von Thünen’s model.Assuming an absence of topographical features, in one to two sentences describe how different types of farming would be arranged around Atlanta, according to von Thünen’s model.In 2–3 sentences, describe how the site factors near Savannah would affect the distribution of types of farming around Savannah’s city center, according to von Thünen’s model.
