Find v- nominal gdp, calculate the V(gdp) using the

Find v- nominal gdp

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Reference no: EM13187661

calculate the V(gdp) using the velocity formula. All given is a LRAS graph with the following information derived from the graph Real GDP = 9 trillion and Price level = 3;

Furthermore The AD line intercepts the x axis at 18 trillion and the y axis at 6 (if this is relevant). The best thought I had so far was to use slope of AD and multiply it by the GDP. the base formula is V= P*v/ M where m is m1. Trying to finally find V (nominal GDP).

Reference no: EM13187661

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Find v- nominal gdp : calculate the V(gdp) using the velocity formula. All given is a LRAS graph with the following information derived from the graph Real GDP = 9 trillion and Price level = 3; Furthermore The AD line intercepts the x axis at 18 trillion and the y axis ..

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