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IceJOKER [234]
3 years ago
12

When the economy is strong, demand is high for goods and services. True or false

Advanced Placement (AP)
2 answers:
Rom4ik [11]3 years ago
6 0
This is true

Consumer spending, or the demand for goods and services, is a key indicator of the strength, or health, of the economy. 
High consumption also drives high employment and the general level of confidence in the economy. 
Yuki888 [10]3 years ago
3 0
The answer is True.

A strong economy is fueled by a high demand of goods and services. Therefore, they must coincide in order for both to excel.

I hope that I could help!
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3 years ago
The velocity of circulation is 4 and the quantity of money is $3 billion.
musickatia [10]

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

Learn more about Velocity of circulation here:

brainly.com/question/24165601

#SPJ1

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