What is the best way to measure the rate of economics growth? C a. By the annual percentage change in nominal GDP 0 b. By the annual percentage change in nominal GDP per capita O c. By the annual percentage change in real GDP 0 d. By the annual percentage change in real GNP per capita C) e. None of the above What annual growth rate will result in a country roughly doubling its GDP in 14 years? 0 a. 2.5 percent 0 b. 5 percent O c. 7.5 percent 0 d. 12 percent O e. 14 percent What impact would a combination of a higher level of investment confidence and a decrease in the government budget deficit have on real interest rate? O a. It would increase the real interest rate cross out O b. It would leave the real interest rate unchanged cross out O c. Interest rate could either increase, decrease or remain unchanged cross out O d. It would decrease the real interest rate cross outMary earned $250 000 in 2014. She spent 85 percent of her earnings. In 2015, with a new contract, she earned $750 000 per year. Her consumption increased by $250 000. Which of the following statements about her is NOT accurate? O a. Her 2015 marginal propensity to consume is 0.50 cross out O b. Her 2014 average propensity to consume is 0.85 cross out O c. Her average propensity to consume fell between 2014 and 2015 cross out O d. Her marginal propensity to save falls to 0.15 in 2015 cross out O e. None of the above cross outWhat impact would an increase in the Canadian price level have? O a. It will decrease money demand in Canada O b. It will increase real GDP demanded in Canada O c. It will decrease Canadian exports O d. It will decrease Canadian importsWhat would be the effect on aggregate demand (AD) as a result of an increase in business tax rates, combined with a decrease in consumer condence? 0 a. ADwould increase cross 0 b. AD could either increase or decrease, depending on which change cross was of a greater magnitude 0 c. AD would decrease cross 0 d. AD would stay the same cross