Macroeconomics Answers

Which of the following statements can (can) cause an increase in the standard of living in Canada?

 A. A federal budget with a surplus (surplus).
 B. An increase in productivity.
 C. A decline in the population.
 D. An increase in the GDP deflator.
 E. Lower taxes.
 F. An increase in nominal GDP.
 G. An increase in real GDP.
 H. An increase in the minimum wage.

In 2017, labor productivity in Quebec (in Canadian dollars, purchasing power parity) was $ 60.15. For the Canadian average, we are talking about a GDP per hour worked of $ 66.96.

Our productivity is much lower compared to that of the United States ($ 82.03), Germany ($ 87.38) or Belgium ($ 93.43). Quebec is not at the bottom of the rankings, however: they are South Korea ($ 45.77) and Japan ($ 59.46). "

Source: Annual report Productivity and prosperity in Quebec (2018 report), published by HEC Montréal.

In 2009, labor productivity in Quebec was $ 48.56. What is the average annual productivity growth rate in Quebec between 2009 and 2017?

In 2017, labor productivity in Quebec (in Canadian dollars, at purchasing power parity) amounted to $ 60.15. For the Canadian average, we are talking about a GDP per hour worked of $ 66.96.

Our productivity is much lower compared to that of the United States ($ 82.03), Germany ($ 87.38) or Belgium ($ 93.43). Quebec is not at the bottom of the rankings, however: they are South Korea ($ 45.77) and Japan ($ 59.46).

In 2009, labor productivity in Quebec was $ 48.56. What is the productivity growth rate in Quebec between 2009 and 2017?

Which of the following statements is false?

 A. The GDP deflator is a price index.
 B. Educating workers is part of human capital.
 C. Inflation in Canada is a macroeconomic subject.
 D. Goods sold on Kijiji in 2020 are not included in the 2020 GDP calculation.
 E. For the base year, nominal GDP is greater than real GDP.

Over the past year, in a given country, labor productivity (measured in hours worked) has increased by 5%; the total number of hours worked has remained the same; the number of workers increased by 5%, while the general population increased by 3%. Given this information, what is the approximate growth in the standard of living of this country?

Stores in Vermont buy strawberries from Quebec. What would be the impact on the Quebec economy?

 A. Consumption, nominal GDP, and real GDP increase.
 B. Exports increase, nominal GDP increases, and there is no effect on real GDP.
 C. Exports, nominal GDP and real GDP increase.
 D. Exports increase, there is no effect on nominal GDP, real GDP increases.
 E. Imports, nominal GDP and real GDP increase.
 F. Investment, nominal GDP and real GDP increase.

In a recent article on BusinessLive, Duma Gqubule argues that South Africa does not have a real central bank. He criticises the conduct of monetary policy and puts forward a range of proposals under the umbrella term monetary finance. 1. Compare his proposals to what you have learned about monetary policy in Chapter 9. You can compile a summary table as follows. (12)

The SARB’s way & Gqubule’s proposals

• The objective of monetary policy
• The targets
• The way in which policy is conducted, and instruments used

what are the current economic issues faced by Pakistan in the year 2020 & 2021

If the equation for market demand curve is qd=100-0.5p and the equation for a market supply curve is Qs=-20+p, the market equilibrium price is?

Given the demand for a product as qd=100-5p the supply is given as qs=-20+3p. You are told equilibrium is obtained at the point where qd=qs. The equilibrium quantity for product is?