canvas.northseattle.edu Accessible Canvas Domain List Question 24 2 pts Explain why real GDP decreases between 2021 and 2022. Edit View Insert Format Tools Table 12pt Paragraph |B I U A & TV : FREE 1 0 words > Question 25 2 pts Calculate the GDP deflator in 2022. (Round your answer to the nearest first decimal place.) 1.5 ptscanvas.northseattle.edu Accessible Canvas Domain List Question 29 2 pts Based on the given information, has country B ever experienced deflation between 2010 and 2022? Explain. Yes, CPI in 2010 is less than 100. Yes, CPI falls between 2014 and 2015 No, CPI is always more than 90 No, inflation rate is always positive. Question 30 2 pts Suppose your nominal wages in 2010 = $35,000. Calculate the 2010 wages in 2022 dollars. (Round your answer to the nearest first decimal place.) Answer: The 2010 wages in 2022 dollars = $_ Question 31 4 1.5 pts Suppose your nominal wages in 2010 = $35,000 and your nominal wages in 2022 = $45,000. Are your real wages in 2022 higher than your real wages in 2010? [ Select ]canvas.northseattle.edu Accessible Canvas Domain List The following table presents the CPI of country B from 2010 to 2022. Use the given information to answer questions 28 - 33. Price Level Year (CPI) 2010 2011 2012 100 2013 102 2014 105 2015 102 2016 108 2017 110 ing ing 2018 113 2019 118 2020 122 2021 128 2022 132 4 Question 28 1.5 pts Which year is the base year? [ Select ]Question 26 1.5 pts Some firms of country A make some amount of good B in 2022 but the inventory is not sold in 2022. Should the inventory count in the GDP of country A in 2022 or not? [ Select ] Question 27 1.5 pts Country A also grows cotton, and all the cotton grown is used by firms to make good C. Should the cotton grown count in the GDP of country A or not? [ Select ]A canvas.northseattle.edu Accessible Canvas Domain List Question 32 2 pts Between 2012 and 2013, the nominal interest rate = 5%. Find the real interest rate. Answer: The real interest rate = Question 33 2 pts Between 2021 and 2022, you can borrow money to implement a project with a nominal rate of return = 9%. The cost of borrowing the money is 7%. Based on the above table and the given information, would you implement the project between 2021 and 2022? Explain. No, the nominal rate of return of the project is negative No, the real rate of return of the project is less than the cost of borrowing the money. Yes, the real rate of return of the project is positive Yes, the real rate of return of the project is greater than the cost of borrowing the money.D Question 38 9 pts (This is a file upload question. You can draw your graphs with a computer or hand draw them on a piece of paper. If you draw them with a computer, you simply upload the electronic file here. If you hand draw your work, you can scan it with a scanner or cellphone to upload the file here. The file uploaded must be in the format of doc, docx, pdf, jpg or png. Don't submit HEIC file.) Consider the market for loanable funds. For each of the following separate scenarios, draw a graph to show how the market equilibrium changes. (a) People expect to live longer and they save more money for their retirement (b) Some new high-tech production machines have been invented, and many firms want to buy those new machines. (c) Household time preferences decrease, and people become more patient. Upload Choose a Filecanvas.northseattle.edu Accessible Canvas Domain List Consider the following employment data of country C. Use the given information to answer questions 34 - 37. Group # in millions Work-eligible population Labor force Not in labor force but work eligible Employed Unemployed Question 34 2 pts Find the unemployment rate. (Round your answer to the nearest first decimal place.) Answer: The unemployment rate =canvas.northseattle.edu Accessible Canvas Domain List Question 35 2 pts Find the labor force participation rate. (Round your answer to the nearest first decimal place.) Answer: The labor force participation rate = Question 36 2 pts Suppose 7 million discouraged workers re-enter the labor force. Find the new labor force participation rate. (Round your answer to the nearest first decimal place.) Answer: The new labor force participation rate = Question 37 2 pts Suppose many people quit their jobs and become full-time students. Which of the following statements is false? Labor force participation rate will fall. The number of employed workers will fall. The size of work-eligible population decreases. The number of people who are not in the labor force but work eligible increases.canvas.northseattle.edu Accessible Canvas Domain List Consider the following data that gives the quantity produced and unit price of five different goods across two years for country A. Assume that the base year is 2021. Use the given information to answer questions 22 - 27. Good 2021 Price 2021 Quantity 2022 Price 2022 Quantity 100 $10 150 $12 120 mu A 200 $10 180 300 $12 280 $22 $25 Question 22 2 pts Calculate the real GDP in 2021. Answer: The real GDP in 2021 = $. Question 23 2 pts Calculate the real GDP in 2022. Answer: The real GDP in 2022 = $