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chubhunter [2.5K]
3 years ago
13

Mom bought a pair of shoes what does in represent in the circular flow

Advanced Placement (AP)
1 answer:
timurjin [86]3 years ago
8 0
I don't understand what there asking
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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:-

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Learn more about Velocity of circulation here:

brainly.com/question/24165601

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I'm feeling generous take all my points. Also if possible could you look at the questions I asked and answer them? Thank you!
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