A country has a constant population, capital stock, and technology. In 2010, real GDP was $ 300 million, the quantity of money was $60 million, and the velocity of the circulation of money was $10 million. In 2011, the price level rose by 20%.
A) What was the price level in 2010?
B) What was the real GDP in 2011?
C) What was the velocity of circulation in 2011?
D) What was the quantity of money in 2011.