If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?
A) $6 trillion
B) $12 trillion
C) $3 trillion
D) $333 billion

Name: If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP? A) $6 trillion B) $12 trillion C) $3 trillion D) $333 billion
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Quizplus · Accepted Answer

Nominal GDP can be calculated by multiplying velocity and the quantity of money. Therefore, nominal GDP = velocity x quantity of money = 6 x $2 trillion = $12 trillion.

If Velocity Is 6 and the Quantity of Money Is