Suppose that in 2015 the country of Boonton's nominal GDP was $29000.00 and the money supply was equal to $4500.00. Calculate the velocity of money in Boonton: 9.
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- All other things being equal, by how much will nominal GDP expand if the central bank Increases the money supply by 100 billion, and the velocity of money is 3? (Use this information as necessary to answer the following 4 questions.)Let’s assume that the nominal Gross Domestic Product, GDP, of a hypothetical country is $36,000 and that the velocity of money of this country is 6. This implies that the money supply, in this country, is:What “backs” the money supply in the United States? What determines the value (domestic purchasing power) of money? Who in the United States is responsible for maintaining money’s purchasing power?
- 3.. 1On the planet of Unjustice, the velocity of money is constant. The growth rate of real GDP is by 6% per year, the money supply grows by 20% per year, and the nominal interest rate is 24%. What is the real interest rate in the planet of Unjustice?Given the Quantity Thoeory of Money: if Real GDP equals $2,000, the money supply equals $6,000, and the velocity of money equals 2, then the price level equals 3 24 12 6.1. Suppose velocity is 3, real output is 9000, and the price level is 1.5. What is the level of real money balances in this economy? 2. Considered the following data for an economy. Currency in circulation held by the public: CU = 400 dollars; Monetary Base: B = 800 dollars; currency/deposit ratio: cu = 0.25. What is the value of reserves in this economy? 3. Considered the following data for an economy. Currency in circulation held by the public: CU = 400 dollars; Monetary Base: B = 800 dollars; currency/deposit ratio: cu = 0.25. What is the value of the money multiplier in this economy? Please answer the three questions above (and highlight the answer if you can). Please explain the math/reasoning used
- Which of the following must remain stable if money is to successfully function as a store of value? a. The exchange rate b. The net of interest c. Prices d. EmploymentBased on the equation of exchange, if nominal GDP is $550 billion and the velocity of money is 5, then what is value the money supply?MNY.08 Homework Unanswered. Due Mar 17th, 11:59 PM When economists use the term "money," what do they mean? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a only paper currency C currency plus certain types of assets that are highly liquid and can readily be used for exchange wealth the value of all financial assets
- In country Superland, its real GDP grows by 5% per year and its money stock grows by 12%, the velocity of money is considered constant. If its nominal interest rate is 11%, what is the real interest rate?Question 1. A country’s money supply equals 300 bln USD, nominal GDP equals 3000 bln USD, and real GDP – 1500 bln USD in 2018. Calculate the price level and the velocity of money. Assume output increases by 10% next year. Determine what money supply should the central bank of this country set next year in order to keep the prices stable. Discuss what can happen if the growth of a country's money supply is faster than the growth of its output. Use the quantity theory of money to support your statement.The neutrality of money revisited a. Fill in the empty spaces after Year 1 in the chart below: b. What is the growth rate of the nominal money supply between years 1 and 2, 2 and 3, and 3 and 4? c. What is the rate of inflation between years 1 and 2, 2 and 3, and 3 and 4? d. What is the change in the real money supply between years 1 and 2, 2 and 3, and 3 and 4? e. What assumption has been made about real output growth if this data describe the medium run?
