/** * ================================================== * SoftChalk LessonBuilder q_parameters.js * Copyright 2003-2008 SoftChalk LLC * All Rights Reserved. * * http://www.softchalk.com * ================================================== */ q_item=4; tableToggle_array=new Array(); f_done=new Array(); feed=new Array(); q_done=new Array(); scoreQ=new Array(); qOrder=new Array(4); qOrder[0]=1; qOrder[1]=2; qOrder[2]=4; qOrder[3]=3; num_pages=1; scorm_completed_status=true; //q_num=1; inline_feedback1=true; q_done[1]=false; q_value1=1; scoreQ[1]="yes"; mc_items1=4; //ra_items1=1; q_type1=1; theQuestion1="What portion of the U.S. GDP is due to consumer spending?"; showCorrect1="no"; showHint1="no"; feedbackRight1="Right! Good job!"; feedbackWrong1="Sorry, incorrect answer."; feedbackPartial1="Partially correct."; hint1=""; right_answers1=new Array(1); right_answers1[0]="c"; answer_choices1=new Array(4); answer_choices1[0]="33%"; answer_choices1[1]="50%"; answer_choices1[2]="70%"; answer_choices1[3]="80%"; tableToggle_array[1]=false; f_done[1]=false; feed[1]=false; //colorChoice1="_custom"; //tableClass1="collapse"; //openerImage1="quizme_custom.gif"; //allowRetry1=true; //q_num=2; inline_feedback2=true; q_done[2]=false; q_value2=3; scoreQ[2]="yes"; mc_items2=3; //ra_items2=1; q_type2=1; theQuestion2="Assuming that all other factors remain the same, what is the effect of raising taxes on the GDP?"; showCorrect2="no"; showHint2="no"; feedbackRight2="Right! Remember, Government spending, not taxes, is a factor in the GDP calculation. In theory, the government may or may not spend the taxes, and if all other factors (C, I, X-M) remain the same the GDP will remain the same. In actual practice, however, an increase in taxes usually reduces C and S. Therefore, I is also reduced (see next page). So the GDP goes down due to these. At the same time, GDP due to government spending, G, almost always goes up when taxes increase. The increase in G may compensate for the decrase in C and I. Imports and exports may also change due to taxes. It is difficult to say what any particular change in taxes may have on GDP in the short term. However, in the long term, high taxes tend to reduce worker productivity and therefore GDP."; feedbackWrong2="Sorry, incorrect answer."; feedbackPartial2="Partially correct."; hint2=""; right_answers2=new Array(1); right_answers2[0]="c"; answer_choices2=new Array(3); answer_choices2[0]="GDP increases"; answer_choices2[1]="GDP decreases"; answer_choices2[2]="GDP remains the same"; tableToggle_array[2]=false; f_done[2]=false; feed[2]=false; //colorChoice2="_custom"; //tableClass2="collapse"; //openerImage2="quizme_custom.gif"; //allowRetry2=true; //q_num=4; inline_feedback4=true; q_done[4]=false; q_value4=3; scoreQ[4]="yes"; mc_items4=4; //ra_items4=1; q_type4=1; theQuestion4="Administrators in Country X are receiving complaints from industry leaders that they cannot expand because banks do not have enough money to lend. As an initial course of action, Adminsitrators should"; showCorrect4="no"; showHint4="no"; feedbackRight4="Right! Encouraging savings should result in more money for investment. Foreign investors can also be encouraged. These are moderate first steps. The other actions are too extreme or will not have the desired effect."; feedbackWrong4="Sorry, this is too extreme or will not have the desired effect."; feedbackPartial4="Partially correct."; hint4=""; right_answers4=new Array(1); right_answers4[0]="d"; answer_choices4=new Array(4); answer_choices4[0]="print more money and give it to banks to lend."; answer_choices4[1]="put tariffs on imports because this will raise the GDP."; answer_choices4[2]="set up a national bank to lend money."; answer_choices4[3]="encourage workers to save more at banks and encourage foreign investors to invest in domestic industries."; tableToggle_array[4]=false; f_done[4]=false; feed[4]=false; //colorChoice4="_custom"; //tableClass4="collapse"; //openerImage4="quizme_custom.gif"; //allowRetry4=true; //q_num=3; inline_feedback3=true; q_done[3]=false; q_value3=6; scoreQ[3]="yes"; mc_items3=4; //ra_items3=1; q_type3=1; theQuestion3="Atoll K is small island nation. Its population total is 400, and it has 100 wage earners who earn an average of $50 per year. Each wage earner spends $40 per year buying local goods and services and $2.50 buying imports. The island exports a total of $800 worth of goods. The Government tax rate is 10% and all government money is spent on building infrastrcuture and supporting schools. There is only one industry (uranium mining) on the island and it employs every wage earner. The industry spends $600 each year on new mining equipment. What is the GDP?"; showCorrect3="no"; showHint3="no"; feedbackRight3=" 


Correct!
Y = C + I + E + G, where E = X - M
C = 100 x $40 = $4000
I = 600X = 800M = 100 x $3.0 = -300
G = .1 x (100 x $50) = 500
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