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If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar
If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent? (2 points)
The average dollar is spent four times in a year. | |
The average dollar is spent 0.25 times in a year. | |
The average dollar is spent three times in a year. | |
The average dollar is spent 0.75 times in a year. | |
The information provided is insufficient to determine the answer. |
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