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Kcal Consider the following data for the United States: On January 01, 2023, M2 was $21, 103 billion, the price level was 1.213, and real
Kcal" Consider the following data for the United States: On January 01, 2023, M2 was $21, 103 billion, the price level was 1.213, and real GDP was $22, 112 billion in base-year dollars. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the information provided above, the income velocity of money was (Enter your response rounded to two decimal places.)
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