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:-
Gross domestic product = 4×3 billions
= $ 12 billions
Learn more about Velocity of circulation here:
brainly.com/question/24165601
#SPJ1
Shakespeare is known for a lot of famous work of literature. The one among the options that best accomplishes this goal is In sentence 11, adding “(equivalent to a modern-day mayor)” after “bailiff".
- The passage centers around scholarly work talking about historical developments in indigenous art
The writer's aim to alter the passage for an audience to know more about historical period of Shakespeare’s time.
Conclusively, by using the term above, it can make the audience to become more familiar with the work.
Learn more about Shakespeare from
brainly.com/question/7592021
92.96 million miles away mate
The increase in price as the quality increase
He has to cross them and see which is dominant and then there will be the possibility to combine both