4, Velocity and the quantity equation Consider a simple economy that produces only streaming devices. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $400, the price of a streaming device was 5.00, and the ecomomy produced 800 streaming devices. Fill in the missing values in the following table, selecting the answers closest to the values you calculate. Quantity of Money Price Level Quantity of Output Nominal GDP Year (Dollars) Velocity of Money (Daollars) (Streaming devices) (Dollars) 2019 400 [ ] 5.00 800 v 2020 412 10 b 800 v The money supply grew at a rate of velocity of money W _ the change in the money supply was reflected rate from 2019 to 2020 was v from 2019 to 2020. Since streaming device output did not change from 2019 to 2020 and the W in changes in the price level. The inflation