1. A rise in the real rate of interest ________ the opportunity cost of holding an inventory of a given size, and therefore ________ desired investment expenditure.

Select one:

a. decreases; decreases

b. decreases; leaves unaffected

c. increases; decreases

d. decreases; increases

e. increases; increases

2. If nominal national income increased by 20% over a certain period of time while real national income increased by 10%, then

Select one:

a. everybody in the economy became worse off.

b. inflation has decreased during this time period.

c. the price level has increased by approximately 10%.

d. the price level has declined by about 10%.

e. the labour force increased by 10%.

3. Suppose drought destroys many millions of acres of valuable Canadian farmland. The effect on the Canadian economy would be

Select one:

a. no change in Canada's production possibilities boundary.

b. to move its production possibilities boundary outward.

c. to move it along its production possibilities boundary.

d. to move its production possibilities boundary inward.

e. to move it beyond its production possibilities boundary.

4. Consider a simple macro-model with demand-determined output. An exogenous increase in the domestic price level will ________ the real value of the private sector's wealth, which leads to ________ in autonomous consumption and thus ________ shift in the AE function.

Select one:

a. increase; an increase; an upward

b. increase; a decrease; a downward

c. increase; an increase; a downward

d. reduce; a decrease; a downward

e. reduce; an increase; an upward

5. A farmer raises free-range chickens, which he sells to a company for $1000. That company sells the processed chickens to a grocery store for $1600, which in turn produces roasted chickens which are sold to the public for $2400. Based on this information, the value of total output is equal to

Select one:

a. $4000

b. $2400

c. $1600

d. $5000

e. $1400

1. Consider the following data on Canadian GDP”

1. What was the growth rate of nominal GDP between 2008 and 2009? (The growth rate is the percentage change from one period to the next).

2. What was the growth rate of the GDP deflator between 2008 and 2009?

3. What was real GDP in 2008 measured in 2002 prices?

4. What was real GDP in 2009 measured in 2002 prices?

5. What was the growth rate of real GDP between 2008 and 2009?

6. Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain

The Consumer Price Index (CPI) is the most popular indicator of inflation.  Consider the price and consumption data given below.

(a)     Using 2000 as the base year compute the value of the CPI for the years 2003 and 2004            (2000 = 100).

(b)     Briefly interpret your results using the CPI that you have calculated.

(c)     Compute the annual inflation rate for the years 2003 and 2004.

What are main differences between the Finite Difference Method and Finite Elements Method?

How are the boundary and interior values of the finite element solution obtained?

The cornea, a boundary between the air and the aqueous humor, has a 3.0 cm focal length when acting alone.

What is its radius of curvature?

Identify an important problem around a school, church, or volunteer group, and define a suitable Six Sigma project. Create an outline of a project charter and identify the important CTQs?

HISTORY

Explore the importance of religion in New England society, and the relationship of church and state. Include a discussion of the Salem Witch Trails. Write between 150 to 200 words

6. Discuss the findings that indicate that child-centered rather than academic preschools and kindergartens are better suited to fostering academic development.

7. Explain how social environment as well as children’s cognitive limitations contribute to rigid gender stereotyping in early childhood.