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
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Answer:
In order to express the results as a percent, divide the nutrient content (which is expressed in ppm) by 10,000. For example, if the reported value for P2O5 is 2,690 ppm, the calculation to convert to percent would be: 2,690 ppm ÷ 10,000 = 0.269%.
That is The Board of Geographical Names. It was established in the late nineteenth century and is operated by the U.S. Geological Survey. They are the final arbiter of names on U.S. maps.
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