In 1999, the country of Derf's imports equaled its exports. Derf's GDP was $500 million, its consumer expenditure was $385 million, and its investment was $14 million. Derf's government expenditures were _________________.

zero
$101 million
$899 million
$500 million

Last year, the country of More has government expenditures of $20 million. The government has a budget deficit of $3 million. Consumption expenditure is $7 million, and there is dissaving of $2 million. GDP in More was ___________________.

$22 million
$32 million
$28 million
$26 million

The country of Erdf has zero net exports. Government expenditures are $15 million and the government has a budget surplus of $5 million. Investment is $5 million. Saving in Derf is _________________.

zero
$25 million
$10 million
$15 million

If the government has a budget deficit and saving is equal to investment, then ________________.

imports exceed exports
injections do not equal leakages
imports equal exports
imports are less than exports

In the country of Darrowby, net domestic income at factor cost is $1.5 million. Gross domestic product is $2.0 million, and depreciation is $0.5 million. Indirect taxes less subsidies ____________.

are zero
cannot be calculated
are $1 million
are $0.5 million

A typical family in Dref buys only oranges and pens. In the base year, it bought 400 oranges at $1.00 each and 800 pens at $0.75 each. This year, a family buys 500 oranges at $1.50 each and 850 pens at $1.00 each. The CPI this year is ____________.

140
62.5
1.40
160

The planet of Sunev produces only two goods: lambs and vases. In the base year, it produced 50 lambs and 30 vases, and last year, it produced 60 lambs and 35 vases. Since the base year, the prices of these goods have been $4 a lamb and $5 a vase. Last year, nominal GDP was _____________ and real GDP was ___________.

$415; $415
$350; $415
$350; $350
$415; $350

Which of the following statements is true?

The CPI and the GDP deflator are not always equal.
The CPI is less than the GDP deflator.
The CPI and the GDP deflator are always equal.
The CPI is greater than the GDP deflator.

In Tomato Land, farmers sell tomatoes to factories for $100. Factories sell ketchup to supermarkets for $150. Supermarkets sell ketchup to consumers for $300.

The value added by the supermarkets is $150.
The value added by the supermarkets is $50.
The value added by the factories is $150.
The total value added is $550.

On the planet of Wedurn, the GDP deflator is 125 and nominal GDP is $12,500. The value of real GDP is ______________.

$10,000
$0.01
$1,562,500
$100

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