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3 years ago

If the velocity of money is 3 and the amount of narrow money is $1.56 billion, what would be the nominal GDP?

Business

1 answer:

liberstina [14]3 years ago

7 0

Answer:

c. $4.68 trillion

Explanation:

Narrow money refers to the physical money coins and notes within an economy. It is a way of measuring the money that is available for immediate spending in the economy.

The velocity of money is the rate at which money circulates in the economy. Therefore, the velocity of money is a measure of the number of times narrow money circulates in the economy per period.

If the velocity of money is 3, narrow money circulates three times, meaning the value of GDP will be the velocity of money multiplied by narrow money

=3 x 1.56 billion

=4.68 billion

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Answer:

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Explanation:

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3 years ago

Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T

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Answer:

cost of equity = 9.68%

so correct option is d. 9.68%

Explanation:

given data

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paid annual dividend = $1.22

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firm's cost of equity

solution

we get here cost of equity by apply price equation that is express as

Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate) .....................1

put here value we get

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solve it we get

cost of equity = 9.68%

so correct option is d. 9.68%

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3 years ago

Michael Glock was the policyowner-insured of a $50,000 participating whole life insurance policy with a $50,000 accidental death

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Answer:

Explanation:

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3 years ago

1. Understanding opportunity costYou work as an assistant coach on the university basketball team and earn $15 per hour. One day

Gwar [14]

Answer:

The correct answer is letter "D": $24.

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3 years ago

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zavuch27 [327]

The correct answer is b

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3 years ago