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Suppose the money supply M has been growing at 10% per year, and nominal GDP, PY has been growing at 20% per year. The data

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Suppose the money supply M has been growing at 10% per year, and nominal GDP, PY has been growing at 20% per year. The data are as follows (in billions of dollars) M PY V 2010 100 1,000 2011 110 1.200 2012 121 1.440 Complete the table above by calculating the velocity v in each your (Round your responses to the norest whole number) Velocity is growing at a rate of % per year. (Round your response to the nearest whole number)

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