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18 April, 01:54

Consider the economy of Burgerland, which only produces hamburgers. If the velocity of money is 25, the price of a hamburger is $5, and the quantity of money in the economy is $500, how many hamburgers did Burgerland produce?

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  1. 18 April, 02:00
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    2500 ham burgers

    Step-by-step explanation:

    Velocity of money = $25

    Money in economy = $500

    Total money = $500 * $25

    =$12500

    One hamburger coast = $5

    Hamburger did Burger land produce = 12500/5

    = 2500
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