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Suppose GDP for an economy is $12,000. If consumption is $7,000, investment is $2,000, and government spending is $4,000, what is net exports? 

In 1935, a National guitar cost $62. In 2011 dollars, the same guitar would cost $1,017.80. If the CPI was 13.7 in 1935, what was the CPI in 2011?

You will use this information for the next few questions.  Consider an economy that produces only two goods: guitars and banjos. In 2010, 50 guitars and 25 banjos were produced. In 2011, 100 guitars and 50 banjos were produced. In 2012, 150 guitars and 75 banjos were produced. The price of a guitar was $300 in 2010, $400 in 2011, and $600 in 2012. The price of a banjo was $200 in 2010, $250 in 2011, and $300 in 2012.  Suppose that the results of a survey of consumers indicates that the average consumer buys a basket of 2 guitars and 1 banjo. What is the CPI for 2011 using 2010 as the base year?

Consider an economy that produces only two goods: mandolins and fiddles. In 2010, 50 mandolins and 25 fiddles were produced. In 2011, 100 mandolins and 50 fiddles were produced. In 2012, 150 mandolins and 75 fiddles were produced. The price of a mandolin was $300 in 2010, $400 in 2011, and $600 in 2012. The price of a fiddle was $200 in 2010, $250 in 2011, and $300 in 2012.  How much did the price level increase from 2011 to 2012?

The U.S. government debt is owed to those who have purchased the bonds sold by the government.

GDP is designed to be an estimate of the total income of everyone in an economy.

Consider an economy that produces only two goods: guitars and banjos. In 2010, 50 guitars and 25 banjos were produced. In 2011, 100 guitars and 50 banjos were produced. In 2012, 150 guitars and 75 banjos were produced. The price of a guitar was $300 in 2010, $400 in 2011, and $600 in 2012. The price of a banjo was $200 in 2010, $250 in 2011, and $300 in 2012.  Suppose that the results of a survey of consumers indicates that the average consumer buys a basket of 2 guitars and 1 banjo. Still using 2010 as the base year, how much inflation took place between 2011 and 2012? 

Each of the following is a positive benefit of school-family partnerships except:

Children with emotional or behavioral disorders who have circles of friends:

Here is the 10 question quiz over Chapter 3. You will have 30 minutes to complete the quiz. I would encourage you to create notes from your reading of the chapter. You may use your notes during the exam, but not your textbook. You can take the quiz up to three times. Your scores will be averaged.For example:Attempt 1: 4 pts.Attempt 2: 7 pts.Attempt 3: 9 pts.Final Score: 6.6 pts.