The MPC on ________ income is less than the MPC on ________ income according to ________ theory

If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?

A) $12 trillion B) $6 trillion C) $3 trillion D) $333 billion

The difference between the exports and imports of goods in a country is referred to as the

A) balance of payments. B) balance of trade. C) balance of power. D) exchange rate.