True, False, or Uncertain [20 marks 5 marks each] Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate and show your calculations. Unsupported answers will receive no marks. It is the explanation that is important. Al-l. On Feb 1, 2022, the yield (nominal interest rate) on the Canadian government issued 10year bond was 1.77% (that part is true). Given that yield, it is impossible for the real interest rate on this bond to be negative. A1-2. Suppose the table below shows the prices and quantities of the average household consumption basket (bundle) in a country over two years. Since the price of good A decreased by 5% and the price of good B increased by 5%, then (using year 1 is the base year), the ination rate in the CPI equals 0%. Good A Good B -mm Quantith Year 1 $10.00 200 $4.00 2000 Year 2 $9.50 240 $4.20 1000 A1-3. Suppose a giant snowstorm leaves you snowed in. If your snowblower owning neighbour comes over to help you dig out, this is worse for economic wellbeing than if you had hired a snow removal company to do the same thing