Suppose a typical Canadian consumer purchases three goods, creatively named good A, good B, and good C.The prices of these goods are listed in the table below.

Good	Price in 2019 ($)	Price in 2020 ($)
A	8	14
B	5	4
C	1	2

Instructions: Round your answers to two decimal places. a. If the typical consumer purchases two units of each good, the percentage increase in the price paid by the consumer for this basket between 2019 and 2020 is %. b. If the typical consumer purchases 10 units of good B and 2 units of both good A and good C, the percentage increase in the price paid by the consumer for this basket is %. c. The percentage change in price is:

• determined by the relative quantities of the goods and the relative price change for those goods.
• not dependent on the quantities of goods in the basket.
• always positive.
• always negative

2.) Tim Hortons paid its line workers $10 per hour last year when the Consumer Price Index was 100.Suppose over the past year, deflation occurred and the aggregate price level fell to 80. Instructions: Round your answers to two decimal places. a. Tim Hortons must pay its workers $ this year in order to keep the real wage fixed at $10. b. Tim Hortons must pay its workers $ this year if it wants to increase the real wage by 10 percent. c. If Tim Hortons keeps the wage fixed at $10 per hour, in real terms, its workers get a % increase in wages.

3.)The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure? Instructions: Enter your answers as percentages rounded to two decimal places.

Year	GDP deflator	Change in GDP deflator	CPI	Change in CPI
2016	100		100
2017	105	%	104	%
2018	112	%	110	%
2019	123	%	113	%
2020	127	%	120	%
20162020		%		%

4.)Calculate the PPP-adjusted GDP for each of the four countries using the information found in the table below. Instructions: Round your answers to the nearest dollar.

Country	GDP ($)	Price level (%)	PPP-adjusted GDP
Ona	12000	5
Rye	12800	26
Zolfo	14000	9
Avon	23300	22

5.)