If the money supply is $250 billion and nominal GDP is $1 trillion, the velocity of money is:

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asked Dec 2, 2019 82.1k views

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If the money supply is $250 billion and nominal GDP is $1 trillion, the velocity of money is:

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Jarwin asked

by Jarwin

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To get velocity we divide the GDP by the money supply
so 1,000,000,000,000/250,000,000,000 = 4

Toldry answered Dec 6, 2019

by Toldry

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