Nominal GDP, PY, is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is

Name: Nominal GDP, PY, is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is
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The velocity of circulation (V) is calculated using the formula V = PY/M, where PY is the nominal GDP and M is the quantity of money. Substituting the given values, V = $7.5 trillion / $3 trillion = 2.5.

Nominal GDP, PY, Is $7