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.
Answer:
i dont know sorry
Step-by-step explanation:
Answer:
Conjugate radicals.
Step-by-step explanation:
The two roots a+sqrb and a-sqr b are called conjugate radicals.
Answer:
5
Step-by-step explanation:
(13^2 - 12^2) ÷ 5
(169 - 144) ÷ 5
25 ÷ 5
5
Answer:
6.8+3.4=10.2
Step-by-step explanation: