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In a given economy, the supply of money is P10 billion; the velocity of circulation of money (spent on final goods and services) is 3; and the price index is 2.00. a) what is the level of real national income?

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Onneetse Nthai answered

In a given economy, the supply of money is P10 billion; the velocity of circulation of money (spent on final goods and services) is 3; and the price index is 2.00. A) what is the level of real national income?


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