Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
View Full Document. 3. Suppose that this yearâs money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. a) What is the price level? What is the velocity of money? Recall our QuanTty EquaTon: V*M = P*Y Where V = velocity of money, M = quanTty of money, P = price level, & Y = quanTty of output.