1. Consider the following statement. DUNK ADAMS: \"Why do economists keep sayving that inflation is going down? When 1 go shopping or pay my bills, | find prices are increasing! Clearly the economists are wrong.\" What is the main economic problem with Dunk's argument? (A) Appeal to Authority. Dunk is relying upon the authority of economists, not logical or rational argument. (B) Inflation refers to a rise in CPI, not the general price level, and therefore a general conclusion cannot be reached. (C) Inflation is the change in the price level, If it goes down, prices may still be rising, (D) Inflation is the sum of the tangent to the CPL, divided by the wholistic price level, multiplied by 100%. 2. Suppose that an economy has a GDI* of 81 billion. Rental income is $200 million, interest is $100 million, and business profits are $50 million. How much is employvee compensation? (A) %300 million. (B) $350 million. (C) 3600 million. (D) %650 million. 3. Which of the following is included in the measurement of GDPY (A) The beauty of art, (B) The love of our family. (C) The production of new cars. (D) The mining of raw metals to make cars within the country