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Suppose the unemployment rate is 4.8 percent, the labour force participation rate is 62 percent, and the working age population is 108 million. How many
Suppose the unemployment rate is 4.8 percent, the labour force participation rate is 62 percent, and the working age population is 108 million. How many people are employed? O a. about 52 million cross out O b. about 63.74 million cross out O c. about 67 million cross out O d. about 103 million cross outSuppose you borrowed $100 from a commercial bank in the year 2015 and have to pay back $110 in the year 2016. Assume that in the year 2016 the Consumer Price Index (CPI) was 115.5, and the CPI in the year 2015 is 105. What is the real interest rate on your loan? O a. 10%. cross out O b. 8%. cross out O C. -10%. cross out O d. -2%. cross out O e. Zero% cross outHow is the Canadian nominal Gross National Product is defined? The baseyear market value of all final goods and services produced in Canada during a given period . The currentyear market value of all final goods and services produced in Canada during a given period The baseyear market value of all final goods and services produced by Canadians during a given period he baseyear market value of all goods and services produced in Canada during a given period The currentyear market value of all final goods and services produced by Canadians during a given period Mary is a U.S. citizen who works in Canada as a teacher. How does the value of her salary from employment affect GDP and GNP? O a. It raises Canadian GDP and U.S. GDP cross out O b. It raises Canadian GDP and U.S. GNP cross out O c. It raises Canadian GNP and U.S. GDP cross out O d. It raises Canadian GNP and U.S. GNP cross out O e. None of the above cross outWhich of the following is not included in our current GDP? C) a. A $5 billion loan from the world bank C) b. The revenue from the sale of a twovearold car 0 c. The revenues from a sale of land 0 d. The value of selling a $100 stock in the stock market 0 e. all of the above
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