In the quantity equation,the value
Is:
A)real GDP.
B)nominal GDP.
C)aggregate expenditure.
D)the velocity of money.
E)real money.

Name: In the quantity equation,the value Is: A)real GDP. B)nominal GDP. C)aggregate expenditure. D)the velocity of money. E)real money.
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Question

In the quantity equation,the value 
Is:
A)real GDP. 
B)nominal GDP. 
C)aggregate expenditure. 
D)the velocity of money. 
E)real money.

Quizplus · Accepted Answer

The value 11ea895d_4d6c_5318_8397_6db8c2d148a4_TB4305_11 represents nominal GDP, which is included in the quantity equation (M × V = P × Y).

In the Quantity Equation,the Value