SOLUTION: If the Nominal GDP is one trillion and the money supply is calculated the velocity of money when nominal gross domestic product (GDP) is $1 trillion and the money supply is $250 bi

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Question 282044: If the Nominal GDP is one trillion and the money supply is calculated the velocity of money when nominal gross domestic product (GDP) is $1 trillion and the money supply is $250 billion. Then what is the velocity of money?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Just divide the nominal GDP by the money supply. Just remember that 1 trillion is
and 1 billion is

John