D Question 1 1 pts Assume 2020 real GDP in Canada increased by 3% from the previous year. In addition, in 2020 Canada's population increased by 5% from the previous year. These statistics tell us that the standard of living for the average Canadian citizen increased in 2020. True False D Question 2 1 pts Assume 2020 real GDP in Canada increased by 5% from the previous year, In addition, in 2020 real GDP per Capita in Canada increased by 3% from the previous year. These statistics tell us that Canada's population ___by in 2020. increased, 3% decreased, 3% increased, 2% decreased, 2% During an expansionary period in the business cycle, we would expect unemployment to_ and inflation to_ decrease, decrease increase, decrease increase, unknown decrease, increase D Question 4 1 pts Which of the following best describes the relationship between economic growth and literacy? As the economy grows, literacy declines because it becomes less and less useful in a developed economy. There is no correlation between economic growth and literacy. Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume more education. Increased literacy initially stimulates economic growth by raising labor productivity. but as the economy grows and the opportunity cost of education rises, literacy declines