Continuing with the preceding question, note that the monetary value of output in 1985 was $4,010 billion
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Continuing with the preceding question, note that the monetary value of output in 1985 was $4,010 billion in the United States, 1,418 billion cruzados in Brazil. Refer back to question 3 and calculate velocity for the two countries in 1985. Why do you think velocity was so much higher in Brazil?
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Related Book For 
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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