Year 2009 2010 M2 $8.40B $8.61B Nominal GDP $14.45T $14.99T 1. The following data come from FRED, a database maintained by the St Louis Fed. The growth rate of Nominal GDP from 2009 to 2010 was %. 2. The following data come from FRED, a database maintained by the St Louis Fed. According to the Quantity Theory of Money, the Velocity of Money (ie the number of times that the average dollar would have changed hands in transactions for goods and services if each costs only $1) in 2010 was __k.
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