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erica [24]
3 years ago
12

If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:

Business
1 answer:
attashe74 [19]3 years ago
5 0

Answer:

$1.25

Explanation:

According to the quantity theory of money

money supply x velocity = real gdp x price

7 x 60 = 336 x p

p -1.25

velocity measures how fast money changes hand in the economy

real GDP is gdp adjusted for inflation

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I used the 2020 standard deduction and income tax brackets to calculate the answer.

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taxable income $129,400

income taxes = (10% x $9,875) + (12% x $30,250) + (22% x $45,400) + (24% x $43,875) = $25,135.50

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3 years ago
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2 years ago
A company has earnings per share of $9.90. Its dividend per share is $.65, its market price per share is $126.72, and its book v
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