Use the following information to answer the questions on this page. Your answers must be accurate to two decimal places.

Suppose Canada's real GDP increases from 1.641 to 1.656 trillion dollars in one year, and Canada's population increases from 36.84 to 37.76 million in the same year.

The growth rate of our population is %.

Hint: in your calculations, you can ignore the words trillion and million since they will cancel out anyway. So don't enter a hundred zeros into your calculator!

When COVID hit, masks were being sold at a relatively high price. Some people claimed, "this is immoral and the sellers should not take advantage of the situation." In response, an economist would say: ......

Complete the statement in one sentence, using economic concepts (10-20 words).

My dad purchases cherries only when there is a discount coupon for them, which shows that ......

Complete the above statement in one sentence, using economic concepts (10-20 words).

Watch the following video:

An auction is a method of:

The only way to prevent the tragedy of the commons is to nationalize the common resource.

Hint: nationalization means making it owned by the government, as opposed to private ownership.