1.If Brian, age 24, had no job but was available for work and had stopped looking for a job in thefive weeks before the survey, Brian is classified in the Labour Force Survey as

A.not in the working-age population

B.unemployed

C.employed

D.not in the labour force

2.Suppose that business firms spend $700 million on new capital equipment this year. Of this $700 million, $300 million was spent on domestically produced capital and $400 million was spent on foreign-produced capital. All else being equal, these transactions contribute ________ to GDP.

A.$0

B.$500 million

C.$200 million

D.$300 million

3.estpac charges a 10 per cent nominal interest rate on all new car loans. If the inflation rate is 4 per cent, Westpac receives a real interest rate of

A.14 per cent

B.2.5 per cent

C.6 per cent

D.10 per cent