1
AGEC 105 Exam 3 Questions with Answers (100%
Correct Answers)
The following information supposedly collected on a particular
country by the CIA.
Consumption Expenditures $3,600 million
Imports $1,200 million
Depreciation $300 million
Government Expenditures $1,000 million
Gross Private Domestic Investment $1,000 million
Tax Revenues $700 million
Exports $800 million
Implicit GDP Deflator 2.00 (1996 = 1.00)
Nominal GDP is equal to: Answer: $5,200 million
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, 2
Given the following equation where DPI represents disposable
personal income:
C = 1,500 + 0.85(DPI)
If disposable personal income is $5,000, consumer spending would be
equal to: Answer: $5,750
A barter economy occurs where: Answer: households pay for services
provided by labor with goods and services
businesses provide services to households in exchange for goods and
services
excludes financial markets
Investment expenditures consists of: Answer: construction of office
buildings
© 2025 All rights reserved
AGEC 105 Exam 3 Questions with Answers (100%
Correct Answers)
The following information supposedly collected on a particular
country by the CIA.
Consumption Expenditures $3,600 million
Imports $1,200 million
Depreciation $300 million
Government Expenditures $1,000 million
Gross Private Domestic Investment $1,000 million
Tax Revenues $700 million
Exports $800 million
Implicit GDP Deflator 2.00 (1996 = 1.00)
Nominal GDP is equal to: Answer: $5,200 million
© 2025 All rights reserved
, 2
Given the following equation where DPI represents disposable
personal income:
C = 1,500 + 0.85(DPI)
If disposable personal income is $5,000, consumer spending would be
equal to: Answer: $5,750
A barter economy occurs where: Answer: households pay for services
provided by labor with goods and services
businesses provide services to households in exchange for goods and
services
excludes financial markets
Investment expenditures consists of: Answer: construction of office
buildings
© 2025 All rights reserved
