If the money supply is $600 and nominal income is $3,000, the velocity of money is

In India last year, the growth rate of real GDP was 3.5 percent and the population grew from 1,000 million people to 1,100 million. Real GDP per person

A) increased by 13.5 percent. B) decreased by 6.5 percent. C) increased by 6.5 percent. D) decreased by 13.5 percent. E) increased by 3.5 percent.

Consider the following:

(i) Consider an uncrowded highway that has limited access. Is this good nonrivalrous, nonexcludable, or both? Explain. (ii) Consider a major city's downtown streets during rush hour. Is this good nonrivalrous, nonexcludable, or both? Explain.