Theres a formula to find the midpoint it’s... (x1+x2)/2, (y1+y2)/2. You fill in the x’s and y’s to get (-5+7)/2 for x, which equals 1 and (4-5)/2 to get -0.5. (1, -0.5) is your answer
If nominal GDP is 2400 and the money supply is 400, what is the velocity?
1 answer:
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.
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The solution is the point of intersection between the two equations.
Assuming you have a graphing calculator or a program to lets you graph equations (I use desmos) you simply put in the equetions and note down the coordinates of the point of intersection.
In the graph the first equation is in blue and the second in red.
The point of intersection = the solution = (-6 , -1)
If you dont have access to a graphing calculator you could draw the graphs by hand;
1) Draw a table of values for each equation; you do this by setting three or four values for x and calculating its image in y (you can use any values of x)
y = 0.5 x + 2 (Im writing 0.5 instead of 1/2 because I find its easier in this format)
x | y
-1 | 1.5 * y = 0.5 (-1) + 2 = 1.5
0 | 2 * y = 0.5 (0) + 2 = 2
1 | 2.5 * y = 0.5 (1) + 2 = 2.5
2 | 3 * y = 0.5 (2) + 2 = 3
y = x + 5
x | y
-1 | 4 * y = (-1) + 5 = 4
0 | 5 * y = (0) + 5 = 5
1 | 6 * y = (1) + 5 = 6
2 | 7 * y = (2) + 5 = 7
2) Plot these point on the graph
I suggest to use diffrent colored points or diffrent kinds of point markers (an x or a dot) to avoid confusion about which point belongs to which graph
3) Using a ruler draw a line connection all the dots of one graph and do the same for the other
4) The point of intersection is the solution
Assuming you have a graphing calculator or a program to lets you graph equations (I use desmos) you simply put in the equetions and note down the coordinates of the point of intersection.
In the graph the first equation is in blue and the second in red.
The point of intersection = the solution = (-6 , -1)
If you dont have access to a graphing calculator you could draw the graphs by hand;
1) Draw a table of values for each equation; you do this by setting three or four values for x and calculating its image in y (you can use any values of x)
y = 0.5 x + 2 (Im writing 0.5 instead of 1/2 because I find its easier in this format)
x | y
-1 | 1.5 * y = 0.5 (-1) + 2 = 1.5
0 | 2 * y = 0.5 (0) + 2 = 2
1 | 2.5 * y = 0.5 (1) + 2 = 2.5
2 | 3 * y = 0.5 (2) + 2 = 3
y = x + 5
x | y
-1 | 4 * y = (-1) + 5 = 4
0 | 5 * y = (0) + 5 = 5
1 | 6 * y = (1) + 5 = 6
2 | 7 * y = (2) + 5 = 7
2) Plot these point on the graph
I suggest to use diffrent colored points or diffrent kinds of point markers (an x or a dot) to avoid confusion about which point belongs to which graph
3) Using a ruler draw a line connection all the dots of one graph and do the same for the other
4) The point of intersection is the solution
Answer:
Step-by-step explanation:
Slope of line through (0,-1) and (1,2) = (-1 - 2)/(0 - 1) = 3
Point-slope equation for line of slope 3 that passes through (0,-1):
y+1 = 3(x-0)
When x = 2:
y+1 = 3(2-0)
y = 3·2 - 1 = 5
When x = 3:
y+1 = 3(3-0)
y = 3·3-1 = 8
