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 this Federalist Paper, Alexander Hamilton argues for a strong executive ... THERE is an idea, which is not without its advocates, that a vigorous ... The enlightened well-wishers to this species of government must at least hope that the supposition is destitute of foundation; since they can never admit its truth, Explanation:
Answer:
neutral is what I have to do in my car but its very messed up
Im not 100% sure, but i believe it's crop production will increase.
