Peninawanjirun

Canada's unemployment rate has been as low as ________ in the 1960s and as high as ________ during the recession in the early 1980s. A. 2.4%; 10% B. 5.5%; 17% C. 2.0%; 15% D. 4.6%; 14% E. 3.4%; 12% -Answers- E. 3.4%; 12% If one Canadian dollar can be exchanged for 0.5 euros, we say that the Canadian−euro exchange rate is A. 2.0. B. 0.5. C. 5.0. D. 20. E. 1.0. -Answers- A. 2.0.

Consider the circular flow of expenditure and income in the Canadian economy. Which of the following is an injection into the circular flow? A. You put $500 into your TFSA (tax−free savings account). B. Bombardier imports machine parts from Germany. C. Loblaws pays corporate income tax to the federal government. D. You make an online purchase from a U.S. retailer. E. Bombardier exports subway cars to Mexico. - Answers-E. Bombardier exports subway cars to Mexico. In macroeconomics, what...

In each of the four expenditure categories, national income accounts measure ________ expenditures, while the theoretical model of the economy deals with ________ expenditures. A. actual; desired B. desired; actual C. induced; exogenous D. endogenous; exogenous E. actual; autonomous -Answer- A. actual; desired In a simple model of the economy, without government or taxes, a shock that causes an upward shift of the aggregate consumption function also causes ________ shift of the saving fu...

Appreciation - Answer-A fall in the exchange rate—it now takes less units of domestic currency to purchase one unit of foreign currency. Value added - Answer-=sales rev - cost of intermediate goods =wages paid to workers + profits paid to owners Measuring GDP Expenditure Side - Answer-Consumption Investment Expenditure (Inventory, new plant and equipment, new housing) Government Purchases Net Exports Measuring GDP Income Side - Answer-Factor payments: wages + salaries, interest, ...