The answer I came up with is the following. Is it correct? Is it exlpained well? Can you make a chart or graph reflecting the answer?.
V = (P * Y)/M, where V is the velocity, P is the price level, Y is the real GDP and M is the quantity of money or money supply (Friedman 1987). Therefore, according to the example,
V = (10*200)/250=8. This means money changes hands 8 times on average.
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