The velocity of money in the small Republic of Sloagia is always the same. Last year, the money supply was $5 billion and real GDP was $ 20 billion. This year, the money supply increased by 5 percent,...

Extracted text: The velocity of money in the small Republic of Sloagia is always the same. Last year, the money supply was $5 billion and real GDP was $ 20 billion. This year, the money supply increased by 5 percent, real GDP by 4.5 percent, and nominal GDP is $ 19 billion. Calculate the velocity of money The price level last year= The Price level this year = The Inflation rate=