a. commodity money with no intrinsic value 12. Velocity in the country of Shem is always stable. In 2002, the money supply was $200 billion and the GDP price deflator was four times as high as it was in the base year. In 2003, the money supply increased to $240 billion, the price level increased by 15 percent, and nominal GDP equaled $1,200 billion. By how much did real GDP increase between 2002 and 2003? a. 20 percent b. 4.35 percent c. 2.17 percent. d. There is not enough information to answer the question