If GDP is $9,000 billion and the money supply is $1,800 billion,velocity is approximately

Name: If GDP is $9,000 billion and the money supply is $1,800 billion,velocity is approximately
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The equation of exchange is MV = PQ, where M is the money supply, V is velocity, P is the price level, and Q is real GDP. Rearranging the equation, we get V = PQ/M. Plugging in the values given, we get V = ($9,000 billion)/($1,800 billion) = 5. Therefore, the answer is D.

If GDP Is $9,000 Billion and the Money Supply Is