If Personal Consumption Is $100, Investment Is $25, Government Purchases

question 213

Multiple Choice

If personal consumption is $100, investment is $25, government purchases total $25, imports equal $20, and exports equal $10, then GDP equals

• A) $160.
• B) $180.
• C) $150.
• D) $140.

---

Definitions:

Apparent Authority

A doctrine in contract law that allows a third party to hold a principal liable for the acts of an agent, if the principal's actions lead the third party to reasonably believe that the agent is authorized.

Settlement Approval

The process by which a court reviews and approves a settlement agreement between parties in a lawsuit.

Agents In Australia

Professionals or entities authorized to act on behalf of others, primarily in business transactions, within the context of Australian law and market.

Express Agency

A contractual agreement where one party (the agent) is authorized to act on behalf of another party (the principal) in business transactions, based on expressed consent.