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Please answer questions separately and use graphs if necessary to do so.Please give more details to each question for my understanding. Thank you ? Question

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Please answer questions separately and use graphs if necessary to do so.Please give more details to each question for my understanding. Thank you ?

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Question 1 (2 marks) Briefly explain whether you agree with the following statement: 'In years when people buy many shares of stock, investment will be high and, therefore, so will GDP.' Question 2 (4 marks) An artist buys scrap metal from the local steel mill as raw material for her metal sculptures. Last year she bought $5000 worth of scrap metal. During the year she produced 10 metal sculptures that she sold for $800 each to the local art gallery. The gallery sold all of them to local art collectors at an average price of $1000 each. For the 10 metal sculptures, what was the total value added of the artist and what was the total value added of the gallery? Question 3 (4 marks) For each of the following, indicate if the person would be classified as employed, unemployed, or not in the labour force: i. Henry, a 65-year-old retiree, is now working as a volunteer for 10 hours a week; ii. Joshua, a university graduate who has not been able to find a position using his qualifications, is working as a wait person for 20 hours a week; iii. Rita, a retired teacher, becomes bored and begins to look for a job. iv. Natalie, a childcare provider, quits her job to go back to university

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