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If C =$600, I =$400, G = $250 and X = $60 and M = $75. Calculate GDP. a. $1135 b. $1235 c. $1245 d.

If C =$600, I =$400, G = $250 and X = $60 and M = $75. Calculate GDP. a. $1135 b. $1235 c. $1245 d. $1230 If your salary was $72,500 in year 1 with a CPI of 150.5, in year 2 the CPI increased to 160.0, what salary in year 2 would cause you to exactly "keep up with inflation"? a. $76,879 b. $77,076 c. $79,388 d. $79,776 If NNP is $175 billion and depreciation is $20 billion, then GDP a. is $215 billion. b. is $195 billion. c. cannot be determined from this information. d. is $155 billion. The velocity of money ________ be affected by how frequently workers are paid, and ________ be affected by the development of new financial instruments, such as interest-bearing checking accounts. a. can; can b. cannot; cannot c. cannot; can d. can; cannot

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