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If Nominal GDP Equals $10 Trillion and the Velocity of Circulation

Question 165

Multiple Choice

If nominal GDP equals $10 trillion and the velocity of circulation is 5, then


A) the quantity of money is $2 trillion.
B) the quantity of money is $50 trillion.
C) the real value of the quantity of money is $10 trillion.
D) real GDP is $2 trillion.

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