Question

In a given year, m1 equaled $1050 billion while m2 equaled $3,500 billion. what percent of m2 is m1

Answer 1

To find the percentage of M2 that M1 represents, we can use the following formula:(M1 / M2) x 100%Substituting the given values, we get:(1050 / 3500) x 100% = 30%Therefore, M1 represents 30% of M2.