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2 years ago

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.

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PLEASE HELP IM STRUGGLING!!!

Mnenie [13.5K]

Answer:

10. 0.99
11. -60
12. 5.5

Step-by-step explanation:

Use the slope formula:

m = (y2 - y1)/(x2 - x1)

10.

m = (6.24 - 3.27)/(5 - 2) = 2.97/3 = 0.99

11.

m = (240 - 360)/(3 - 1) = -120/2 = -60

12.

m = (8.84 - 6.09)/(7 - 2) = 2.75/5 = 5.5

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3 years ago

Plot point C(2,7). If M is the midpoint of CD , what are the coordinates of D?

Y_Kistochka [10]

Answer:

The coordinates of D is (-4,-9)

Step-by-step explanation:

Given

C = (2,7)

M=(-1,-1) ----- Missing part of question

Required

Determine the coordinates of D

Let the coordinates of D be (x₂,y₂)

We'll solve this question using mid point formula;

$M(x,y) = (\frac{x_1+x_2}{2},\frac{y_1+y_2}{2})$

Where

$C(x_1,y_1) = (2,7)$ and $M(x,y) = (-1,-1)$

Put these values in the formula

$(-1,-1) = (\frac{2+x_2}{2},\frac{7+y_2}{2})$

By comparison;

$-1 = \frac{2+x_2}{2}$ and $-1 = \frac{7+y_2}{2}$

$-1 = \frac{2+x_2}{2}$

Multiply both sides by 2

$-2 = 2 + x_2$

Subtract 2 from both sides

$-2 -2 = x_2$

$x_2 = -4$

$-1 = \frac{7+y_2}{2}$

Multiply both sides by 2

$-2 = 7 + y_2$

Subtract 7 from both sides

$-2 - 7 = y_2$

$y_2 = -9$

Hence, the coordinates of D is (-4,-9)

4 0

3 years ago

Triangle DFE with coordinates D(0,0), F(3,0), and, E(3,1) is similar to triangle EHG. If vertex G has coordinates (9,3), what ar

Rudik [331]

Answer:

coordinates are (x,y)->(x+6,y+2)

F's coordinate is (3,0)

using the coordinates we get (9,2)

Therefore the coordinates are (9,2)

8 0

2 years ago

To build 12 birdhouses, Felipe needs 5 1/4 meters of wood. He was asked to make 4 1/2 times the number of birdhouses he usually

Dimas [21]

Using proportions, it is found that Felipe needs 23.625 meters of wood to make that many birdhouses.

<h3>What is a proportion?</h3>

A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct or inverse proportional, can be built to find the desired measures in the problem.

To make an amount, he needs 5 1/4 meters = 5.25 meters. How many meters he needs to make 4 1/2 = 4.5 times the amount?

5.25 x 4.5 = 23.625 meters.

Felipe needs 23.625 meters of wood to make that many birdhouses.

More can be learned about proportions at brainly.com/question/24372153

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5 0

1 year ago

Sue has 20 biscuits in a tin There are 12 plain biscuits 5 chocolate biscuits 3 currant biscuits Sue takes at 2 random biscuits

vagabundo [1.1K]

Answer:

111 / 190

Step-by-step explanation:

Total biscuits = 20

Plain, P = 12

Chocolate, C = 5

Currant, K = 3

Assume without replacement :

Probability that biscuit are of the same type :

P(plain) :

12 / 20 * 11 / 19 = 132 / 380

P(chocolate) :

5/ 20 * 4 / 19 = 20/ 380

P(currant) :

3/20 * 2 /19 = 6 / 380

Therefore,

Probability that biscuit is of the same type :

P(plain) + P(chocolate) + P(currant)

132/380 + 20/380 + 6/380

158 / 380 = 79 / 190

Therefore, probability that biscuit aren't of the same type :

1 - P(biscuit is of same type)

1 - 79/190

(190 - 79) / 190

111 / 190

7 0

2 years ago