82.1k views
5 votes
If the money supply is $250 billion and nominal GDP is $1 trillion, the velocity of money is:

User Jarwin
by
5.6k points

1 Answer

6 votes
To get velocity we divide the GDP by the money supply
so 1,000,000,000,000/250,000,000,000 = 4
User Toldry
by
6.6k points