Answer:
The velocity of money is 6.
Step-by-step explanation:
Nominal Gross Domestic Product is the Gross Domestic Product that has been determined by the current prices of goods and services in a market.
Money velocity expresses the rate at which money moves from one entity to another in a given economy. It it the ratio of the nominal Gross Domestic Product to the money supply in an economy.
i.e V = ![\frac{P * Y}{M}](https://tex.z-dn.net/?f=%5Cfrac%7BP%20%2A%20Y%7D%7BM%7D)
where: V is the velocity of money, P x Y is the nominal GDP i.e price level x output/real GDP, and M is the money supply. High velocity of money causes an increase in inflation.
Given that, nominal GDP = 2400 and money supply = 400, then;
V = ![\frac{2400}{400}](https://tex.z-dn.net/?f=%5Cfrac%7B2400%7D%7B400%7D)
= 6
Therefore the velocity of money is 6.
X = 4
4+2=6
3x6=18
B = 4 + 2 = 6
The answer is c
hope it helps
Let b=# of boys
Let g=# of girls
B+g=40
G=2b-5
Sub g into first equation and solve for b
B+2b-5=40
3b-5=40
3b=40+5
3b=45
B=45/3
B=15
Sub B into the second equation
G=2b-5
G=2(15)-5
G=30-5
G=25
Hope this helps!
Since the question explicitly stated that ice production is proportional to time, we're going to have to use proportion fractions. Remember to convert hours into minutes as well.