(2-3) Use this data to compute V1 velocity based on M1; and v2 velocity based on M2. Fill in the blanks in the chart below.

*billions of dollars

Year Nominal GDP M1 M2 11. v1 12. v2

1994 7,054.30 1,145 3,495

1995 7,400.50 1,142.50 3,566.30

1996 7,813.20 1,105.80 3,737.10

1997 8,318.40 1,069.10 3,920.30

1998 8,781.50 1,079.80 4,207.40

4. Fill in the blank

Year M V P Y

1 4 15.00 100

2 4 15.00 150

3 5 15.00 125

4 7 15.00 150

5 3 15.00 115

5. Fill in the blank

i ETT requil

10 3

7 19

-6 7