If the quantity of money is $3 trillion, real GDP is $10 trillion, the price level is 0.9,

If the quantity of money is $3 trillion, real GDP is $10 trillion, the price level is 0.9,

If the quantity of money is $3 trillion, real GDP is $10 trillion, the price level is 0.9, the real interest rate is 2 percent a year, and the nominal interest rate is 7 percent a year, calculate the velocity of circulation, the value of M ? V, and nominal GDP.

7.If the velocity of circulation is growing at 1 percent a year, the real interest rate is 2 percent a year, the nominal interest rate is 7 percent a year, and the growth rate of real GDP is 3 percent a year, calculate the inflation rate, the growth rate of money, and the growth rate of nominal GDP.