Question 1 2 pts In GDP accounting, which of these does n_ot count as private consumption? 0 You buy your weekly groceries at the supermarket Q You pay an accountant to complete your taxes 0 You receive a tax credit to defray the cost of a car used for work Q You buy a new imported computer Question 2 2 pts Which of the following is NOT a method that is used to measure gross domestic product? 0 Production 0 Income 0 Investment 0 Expenditure Question 3 2 pts Bias in measuring inflation may occur because of: O Changes in the way that workers and firms determine wages O Changes in product quality that are not captured by the statistician O Changes in the real interest rate O Changes in the saving rate in an economyQuestion 4 2 pts If the population of a country is 25 million, of whom 20 million are available to work and the number of employed is 16 million while the number of unemployed is 1 million, the unemployment rate and the participation rate, are, respectively: 0 4.00% and 80% O 5.90% and 85% O 5.00% and 85% O 5.90% and 80% Question 5 2 pts Consider an economy where workers can be either employed or unemployed. If the job separation rate is four times the magnitude of the job nding rate then which of the following can be true. 0 The steady state unemployment rate is 0.8 O The steady state employment rate is 0.2 O The labour force has 2000 people and 400 employed 0 All of the above