Saturday 5 September 2015

Science Blog

Matija's Science Blog

I am going to explain how an article on the Bloomberg Business explaining about slow-motion money relates to what I have learnt about in Science class. Firstly velocity is what I have learnt about in science. The article named "Slow motion money" relates to velocity because there is a graph (shown in Figure 1 below) showing the speed of money and how it has changed the US economy over the 20th and 21st century. Velocity is involved with speed of something in a given direction which is what the graph showed. Normally if you were to figure out the speed of anything you would use the equation Speed= Distance/Time. However on the graph from "Slow motion money" it claims that: "Money velocity measures how quickly one dollar moves through the economy by tallying the number of times it gets spent per year."

Figure 1. A graph representing the speed of money (US dollars)

The highest point that the US dollar reached is 2.19 (distance), 1998 (time). The lowest point that the US dollar reached is 1.59 (distance),  2014 (time).




No comments:

Post a Comment

Note: only a member of this blog may post a comment.