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Question 2: In 2020, an economy produces only one good, smart phones. Quantity of smart phones produced is 2,000,000 units and the price per smart

Question 2:

In 2020, an economy produces only one good, smart phones. Quantity of smart phones produced is 2,000,000 units and the price per smart phone is $140. The amount of money in circulation is estimated to be $19,580,429. Fill the table below:

Velocity of Money

Real GDP

Nominal GDP

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