Question
The table below shows approximate data for the Canadian economy for the period 2010-2014 in billions. Year M1 Price Level (2007 =100) Real GDP 2010
The table below shows approximate data for the Canadian economy for the period 2010-2014 in billions.
Year | M1 | Price Level (2007 =100) | Real GDP |
| 2010 | 283 | 107.9 | 1634 |
| 2011 | 296 | 109.2 | 1662 |
| 2012 | 281 | 110.9 | 1690 |
| 2013 | 298 | 112.9 | 1734 |
| 2014 | 337 | 112.3 | 1752 |
What is the value of the velocity of money in each of the five years? Round your answers to 1 decimal place. 2011 V = 2012 V = 2013 V = 2014 V = 2015 V =
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Capital Theory And Political Economy Prices, Income Distribution And Stability
Authors: Lefteris Tsoulfidis
1st Edition
1351239414, 9781351239417
