Complete the missing value by
using the information given in the table

 

Years	Output (Y)	Price (P)	Velocity (V)	Money supply
2019	3500	10	7	?
2020	7000	12	6	?

Solution:

To calculate the missing values for money supply in 2019 and 2020, we can use the equation of the quantity theory of money:

Money Supply = Output (Y) * Price (P) * Velocity (V)

Using the given data, we can calculate the money supply for each year:

For 2019:

Money Supply = 3500 * 10 * 7

= 245,000

For 2020:

Money Supply = 7000 * 12 * 6

= 504,000

Therefore, the money supply for 2019 is 245,000, and for 2020, it is 504,000.