1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fgiga [73]
2 years ago
6

If nominal GDP is 2400 and the money supply is 400, what is the velocity?

Mathematics
1 answer:
Marta_Voda [28]2 years ago
7 0

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 = \frac{P * Y}{M}

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 = \frac{2400}{400}

                  = 6

Therefore the velocity of money is 6.

You might be interested in
suppose you are the financial manager of the International Emirates University IEU. And you are requested at the end of the year
Irina18 [472]
So what this is is
many words

assuming year 0 is 2017

so compound first thing till 2020, take out 30000
the remaining is copmpounded til 2022, take out 50000
remaining is compounded for 1 more year and that is equal to 80000

so from 2017 to 2020, that is 5 years
from 2020 to 2022 is 2 years
from 2022 to 2023 is 1 year


work backwards

A=P(r+1)^t
last one
A=80000
P=?
r=0.08
t=1 year

80000=P(1.08)^1
divide both sides by 1.08
I would leave in fraction
20000000/27=P

now that is the remaining after paying 50000, after 2 years of compounding

so
50000+(2000000/27)=P(1.08)^2
solve using math
about
106374=P

now reverse back

5 years
paid 30000

30000+106374=P(1.08)^5
solve using math
92813.526=P
round
$92813.53




put $92813.53 in the fund
8 0
3 years ago
Order the values from least (on top) to greatest (on bottom). <br> 43%<br> 3/7 <br> 0.41
kolezko [41]
0.41 > 3/7 > 43% this is the answer
8 0
2 years ago
Help me fast!!!!!!!I need to finish this by next period
klio [65]

Answer:

-2/3

Step-by-step explanation:

Rise over run!  The slope rises twice and goes over 3 times.  The slope is negative so put a negative sign behind it.

3 0
2 years ago
Read 2 more answers
What is the sum of the angle measures in this shape
Alexxx [7]

Answer:

180°

Step-by-step explanation:

The sum of angles in any triangle is 180°

3 0
2 years ago
Evaluate 0.53n+5 when n=3
Alex777 [14]
0.53(3) + 5 = <span>6.59
</span><span>6.59 is the answer.
</span>
6 0
3 years ago
Other questions:
  • If the circumference of a wheel is 94 cm what is its approximate diameter
    10·1 answer
  • Wow, I am dump. Anyways can anyone help me with this.
    11·2 answers
  • 34.25 to the nearest hundredth
    9·2 answers
  • Solve this absolute value inequality. <br><br> {14-2x]&lt;8
    12·1 answer
  • Please give me a step by step explanation on this question.
    5·1 answer
  • 9-5(4-2)<br> --------------<br> 3+5
    10·1 answer
  • UUUUUUUUUUUUUUUUUUUUUU
    14·2 answers
  • A line segment AB has the coordinates A (2,3) and B ( 8,11). Answer the following question. What is the slope of AB?
    14·2 answers
  • Please help 20 points And please work out how you did it step by step and in your words
    12·1 answer
  • Graph the parabola.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!