1. If the price of imported Swiss chocolate increases, all other things being equal, what will be the likely effect on the CPI and the GDP deflator?

2.In addition to investment in physical and human capital, list and discuss, in detail, three other public policies that a country might adopt to increase productivity.

3.What are some of the possible recommendations brought forward by the Bank of Canada to enhance Canada's productivity?

4.Discuss in detail the difference between real and nominal GDP.Why is this distinction important and what does each contribute in terms of providing information on the performance of an economy?