Calculate the velocity of mushroom kingdom

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Reference no: EM13176411

Assume the following about Mushroom Kingdom: there are 16869 gold coins in circulation, nominal GDP is 86722 gold coins, the Central Bank of Mushroom Kingdom increases the number of gold coins in circulation by 2.4% each year, and GDP increases by 4.8% annually. Calculate velocity for Mushroom Kingdom.

Calculate the velocity of mushroom Kingdom.

Reference no: EM13176411

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