Answer:
The velocity of money is 6.
Step-by-step explanation:
Nominal Gross Domestic Product is the Gross Domestic Product that has been determined by the current prices of goods and services in a market.
Money velocity expresses the rate at which money moves from one entity to another in a given economy. It it the ratio of the nominal Gross Domestic Product to the money supply in an economy.
i.e V =
where: V is the velocity of money, P x Y is the nominal GDP i.e price level x output/real GDP, and M is the money supply. High velocity of money causes an increase in inflation.
Given that, nominal GDP = 2400 and money supply = 400, then;
V =
= 6
Therefore the velocity of money is 6.
0.77 is greater than 0.08
Hope this helps :D
You can use the formula A=P(1+r/n)^nt
A=the future value of the starting amount
P=the starting amount
r= the interest rate number of times the interest is compounded per year
t=the number of years the amount is loaned for
A=900(1+0.03/1)^1x4
A=1012.95
I hope this helps. Also if I am wrong our did not fallow the question completely please let me know in the comments so that I can try to fix it .
Initial amount is when no change has happened or when t=0
that iniital amoun tis 1
the growth factor
welll, it grows by 40% each time of previous times
I would say growth factor of 1.4
f(x)=a(b)^t
f(t)=1(1.4)^t
initial amount is 1
grouth factor is 1.4
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next question
11)
they are equal so both are one
then k = -1
be careful the answer of q 10 is in the pictures