menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
If velocity were constant at 2 while m2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal gdp?
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
If velocity were constant at 2 while m2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal gdp?
asked
Dec 8, 2018
120k
views
0
votes
If velocity were constant at 2 while m2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal gdp?
Business
college
Benjamin Cox
asked
by
Benjamin Cox
8.0k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
6
votes
Money growth + velocity growth = growth of nominal GDP, so nominal GDP would rise by (6-5)/5*100 percent + 0 percent = 20 percent. Nominal GDP growth = inflation rate + real growth
Alex Lisovoy
answered
Dec 14, 2018
by
Alex Lisovoy
7.8k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Jun 13, 2024
96.5k
views
Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. a. What is the price level? What is the velocity of money? b. Suppose that velocity is constant
Masoud Bimar
asked
Jun 13, 2024
by
Masoud Bimar
8.1k
points
Business
high-school
1
answer
4
votes
96.5k
views
asked
Nov 6, 2024
30.0k
views
For the United States, with a current nominal GDP of about $23 trillion, the difference between a 3 percent and 4 percent rate of growth in the number of years it would take to double the economy is O
Jorge Olivero
asked
Nov 6, 2024
by
Jorge Olivero
9.0k
points
Business
high-school
1
answer
1
vote
30.0k
views
asked
Aug 17, 2024
170k
views
The previous year had an unemployment rate of 14.1%, nominal GDP of $28.9 trillion, and real GDP of $26.1 trillion. If the unemployment rate changes to 18.6% and overall price levels remain constant, which
Patrick Kafka
asked
Aug 17, 2024
by
Patrick Kafka
7.1k
points
Business
high-school
1
answer
3
votes
170k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org