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Homework answers / question archive / 1) if nominal GDP is 25 trillion and the quantity of money is 5 trillion, then the velocity of money is 5

1) if nominal GDP is 25 trillion and the quantity of money is 5 trillion, then the velocity of money is 5

Economics

1) if nominal GDP is 25 trillion and the quantity of money is 5 trillion, then the velocity of money is 5. If the velocity is 5 , nominal gdp is 20 trillion then the quantity of money ............?

 

2) if the growth rate of money supply is 8% and velocity is constant and real gdp grows at 3% per year on average. then the inflation rate will be..........?

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