M1 is:
A) about 17% of GDP.
B) equal to GDP.
C) about four times larger than GDP.
D) about one fourth the amount of GDP.

Name: M1 is: A) about 17% of GDP. B) equal to GDP. C) about four times larger than GDP. D) about one fourth the amount of GDP.
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Question

Quizplus · Accepted Answer

M1, which includes cash and checking deposits, is typically a fraction of the total GDP. As of the latest data, it's about 17% of GDP, though this can vary depending on the country and economic conditions.

M1 Is