1. Identify the following as consumption, investment, government purchases, or net exports. Justify your answers.

a. Government of Canada repaves the Trans-Canada highway

b. You pay for a new haircut

c. An unsold truck is made by a GM plant in Ontario

d. You buy a cowboy hat made in Mexico

e. You buy a share of stock

f. Freddy purchases a new home

g. A Canadian cattle rancher sells beef to a U.S. grocery store

h. You buy a new Ford truck

i. The government pays the salaries of its employees

j. The government buys Covid-19 vaccines from Europe

2. The International Property Rights Index (IPRI) ranks countries based on the legal and political environment and how well property rights are protected. Go online and find a recent ranking, then answer the following questions. Include the website link and show your work.

a. What is the lowest possible score and highest possible score of IPRI? Which of these two scores represents "bad score" and which one represents a "good score"?

b. In a table, list four countries with high scores and four countries with low scores of IPRI. Note: show the IPRI for each country in the table

c. The World Bank publishes online the GDP per capita (constant base-year US$) for countries. Find and report the most recent estimates of GDP per capita of the countries in (b) above

d. What pattern do you find between IPRI score and GDP per capita

e. Give two possible interpretations of the pattern in (d)