Attempts $$ Keep the Highest $\frac{0\mathrm{.}5}{2}$

$3.$ Velocity and the quantity equation

Consider a simple economy that produces only fitness trackers. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in $2021,$ the money supply was $$400,$ the price of a fitness tracker was $$22\mathrm{.}50,$ and the economy produced $800$ fitness trackers.

Fill in the missing values in the following table, selecting the answers closest to the values you calculate.

$\backslash$table$[[,\backslash$table$[[$Quantity of Money$],[($Dollars$)]],$Velocity of Money,$\backslash$table$[[$Price Level$],[($Dollars$)]],\backslash$table$[[$Quantity of Output$],[($Fitness trackers$)]],\backslash$table$[[$Nominal GDP$],[($Dollars$)]]],[2021,400,,22\mathrm{.}50,800,],[2022,420,45,,800,]]$

The money supply grew at a rate of $$ from $2021$ to $2022.$ Since fitness tracker output did not change from $2021$ to $2022$ and the velocity of money $q,,$ the change in the money supply was reflected $$ in changes in the price level. The inflation rate from $2021$ to $2022$ was