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ECON-1012-C-Introduction to Macroeconomics
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What are the two components of the working-age population?
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According to the law of diminishing returns, as real GDP increases along the aggregate production function, which of the following effects eventually occurs?
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If the CPI was 128 at the end of 2023 and 136 and the end of 2024, what was the inflation rate in 2024?
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If the price of the CPI basket in base-period prices is $200 and the price of the CPI basket in current-period prices is $450, what is the CPI in the current year?
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Which of the following calculations determines the employment rate?
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In which of the following situations are people classified as unemployed?
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Which of the following events would raise the natural unemployment rate in an economy?
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| Table 5.3.1 |
| Price (dollars) | Price (dollars) | Quantity (number) | Quantity (number) | |
| 2002 | 2024 | 2002 | 2024 | |
| PopCrackersCucumbers | 0.751.252.00 | 1.102.103.00 | 100300200 | 120280190 |
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Which approach to measuring GDP does Statistics Canada use when it sums spending on goods and services by consumers, government, and businesses?
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What determines net exports?
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