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How can I answer each of the following questions please? 1. Suppose that the hourly wages in 1960 and 2002 were respectively 7.56 and 10.58

How can I answer each of the following questions please?

1.

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Suppose that the hourly wages in 1960 and 2002 were respectively 7.56 and 10.58 dollars per hour. If the 1960 CPI base 100 = 2002 is 76, what happened to the real wage between 1960 and 2002? 0 It increased. 0 It decreased. 0 It remains constant. 0 Cannot answer the question with the information provided. For each of the following policies, choose if it is a policy that the Bank of Canada is likely to implement when the ination rate is close to 1% or 3%. a. The Bank of Canada purchases government bonds from commercial banks. 03% 1% b. The Bank of Canada purchases government bonds from individuals. 01% 03% c. The Bank of Canada sells US dollars (paid in Canadian dollars). 03% 01% Select all events that contribute to increase the current year's GDP in Canada? :1 A Canadian on vacation in New York purchases a train ticket. :1 A farmer imports seeds from the United States. :1 An American on vacation in Toronto purchases a meal in a Restaurant. :1 A household uses a child care service provided for free by the government. :1 Arm sells a good produced before the current year. :1 None of the above

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