Respuesta :
If nominal GDP is $400 billion and the money supply is $50 billion, the velocity of money is: 8
Velocity of money= Ratio of minimal GDP to the money supply
=PQ/M
=400/50
=8
A comprehensive index of economic activity in the United States. GDP measures the value of final goods and services produced in the United States (intermediate goods and services used in that production are not counted twice).
One of the most common is GDP, which stands for Gross Domestic Product. It is often quoted in newspapers, TV news, and government, central bank, and business reports. It is widely used as a reference point for the health of the domestic and global economy.
For example, if country B produces 5 bananas worth $1 and 5 buckrams worth $6 a year, the GDP is $35. Next year, if the price of bananas rises to $2 and production remains the same, country B's GDP will be $40.
Learn more about GDP here: https://brainly.com/question/1383956
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