In the quantity equation,the value
is the real GDP.

Name: In the quantity equation,the value is the real GDP.
Brand: Quizplus
Rating: 4.8 (26 reviews)

Question

In the quantity equation,the value  
is the real GDP.

Quizplus · Accepted Answer

The quantity equation, also known as the equation of exchange, is MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is the real GDP. The value given in the question (11ea895d_4d6f_1251_8397_5b6dbd3f52d4_TB4305_11) does not represent any meaningful value for real GDP, thus option B is correct.

In the Quantity Equation,the Value