All other things being equal, by how much will nominal GDP expand if the central bank increases the money supply by $100 billion
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Answer:
<u> $50</u> is <u>27.02%</u> of <u>$185</u>.
Step-by-step explanation:
Money spent on clothing = $50
Money spent on Groceries = $100
Money spent on Gas = $35
Total money spent = $185
Our question is to find the percentage of total money that is spent on clothing.
Percentage money on clothing = × 100
= × 100
= 27.02% (approx)
Hence,<u> $50</u> is <u>27.02%</u> of <u>$185</u>.