M1 is:
A)About one-tenth the amount of GDP
B)Equal to GDP
C)About four times larger than GDP
D)About one fourth the amount of GDP

Name: M1 is: A)About one-tenth the amount of GDP B)Equal to GDP C)About four times larger than GDP D)About one fourth the amount of GDP
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Question

Quizplus · Accepted Answer

M1, which includes physical currency and demand deposits, is typically a smaller portion of GDP, often around one-tenth of the GDP in many economies.

M1 Is