1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
3 years ago
9

Suppose the money supply in Country X is $44,000 and the nominal GDP is $88,000. Calculate the velocity of money. Round your ans

wer to the nearest hundredth.
Business
1 answer:
mina [271]3 years ago
4 0

Answer:

Velocity of money = 2 unit

Explanation:

Given:

Supply in country X = $44,000

Nominal GDP = $88,000

Find:

Velocity of money

Computation:

Velocity of money = Nominal GDP / Money supply in country

Velocity of money = $88,000 / $44,000

Velocity of money = 2 unit

You might be interested in
A mandate is an informal order that is given by a higher authority to suggest change. Please select the best answer from the cho
larisa86 [58]
The answer is false.
 A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.
6 0
4 years ago
If the consumer price index was 80 in 2004, 100 in 2005, and 110 in 2006, then the base year must be
iogann1982 [59]
2004 is the base year
4 0
4 years ago
Given the market for illegal drugs, when the government is successful in reducing the flow of drugs into the united states,
Natasha2012 [34]
B. demand and supply both decrease, leaving price essentially unchanged.
6 0
3 years ago
To avoid injury when you're putting an item down, proper technique involves:
lisov135 [29]

A) Positioning your hands so your fingers don't get caught under the load

4 0
3 years ago
Read 2 more answers
Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the
lianna [129]
A is true. 

Debit cards don't provide as much insurance: Credit cards are lending you money, so when a credit card gets stolen, the company wants its money back. They are the ones looking for it. With a debit card, you have to find it or replace the card. 

Checks are rarely accepted; cards are widely used. 

Debit cards have no interest rates or monthly charges.
8 0
3 years ago
Other questions:
  • You're more likely to be effective if you begin with "harder" tactics and move to "softer" tactics only if the harder tactics fa
    14·1 answer
  • Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
    11·1 answer
  • Which Human Services workers must have a strong sense of visual style in order to carry out the tasks for which they
    11·2 answers
  • DO
    6·1 answer
  • Corporations whose stock is traded in a public market must report earnings per share on their a.balance sheet. b.statement of st
    10·1 answer
  • 100 POINTS MICROECONOMICS
    9·2 answers
  • Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit.
    5·1 answer
  • An industry has three firms with unlevered betas of 0.7, 1.1, and 1.6. What is the discount rate to use for an unlevered firm th
    11·1 answer
  • Bargaining associations are required to bargain without making any threats against buyers. true false
    12·1 answer
  • taylor company had beginning inventory of $400 and ending inventory of $600. taylor company had cost of goods sold amounting to
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!