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?
A)2,000
B)2,500
C)2,750
D)3,000

Question

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?
A)​2,000
B)​2,500
C)​2,750
D)​3,000

Quizplus · Accepted Answer

The Answer of 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?
A)​2,000
B)​2,500
C)​2,750
D)​3,000

Consider the Economy of Burgerland, Which Only Produces Hamburgers