<span>The
sellers may want to get rid of the
product because it may be taking up space in inventory so they will sell
it for less, this will affect consumer perceptions because there will be more
people with the product which will allow more people to see the product.</span>
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
Learn more about Velocity of circulation here:
brainly.com/question/24165601
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I believe that the answer to the question provided above is
(1)<span> </span>Formulate the maxim
<span>(2) Generalize the maxim into a law of nature</span>
<span>(3) Figure out the perturbed social world (PSW), that is, what the world would be like if this law</span> of nature were added to existing laws of nature and things had a chance to reach equilibrium.<span> </span>
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.
A.
Hope this helps for you.
