Question 15 Not yet answered Marked out of 1.00 A Canadian senior earned $12,000 as payment from Canada Pension Plan (CPP) last year. If prices increase by 2% this year, and the CPP has complete indexation to increase in prices, how much would this person receive from CPP this year? Select one: O a. $14,400 Remove flag b. $12,120 c. $11,760 d. $11,880 e. $12,240
Question 11 Not yet answered Select one: Marked out of 1.00 Cindy works at a meat processing plant and makes $35,000 a year as wages. She is a member of the workers' union at the plant. Suppose the workers' union and the management of the plant reach an agreement on a partial indexation of the wages to CPI for the following year. If the inflation rate is 3% In the following year, which one is a better estimate of Cindy's wage income? O a. $45,500 b. $40,250 c. $38,500 Remove flag d. $35,525 e. $36,050
Question 10 Not yet answered Marked out of 1,00 Remove flag A Canadian brewer sells beer to a beer depot in Maine, USA. What is the effect of this transaction on Canada's national income accounts? Select one: O a. both net exports and GDP increase O b. both net exports and GDP fall O c. net exports fall and GDP increases O d. net exports increase and GDP falls e both net exports and GDP are unchanged
Question 8 Not yet answered Marked out of 1,00 Suppose you deposit $1000 in your saving account at your bank, and a year later you have $1055. Over the same period, the consumer price index fal from 200 to 196. In this case, the nominal interest rate is%, inflation is%, and the real interest rate is %, respectively. Select one: O a. 5.5/-2.0/7.5 b. 5.5/2.0/3.5 c. 5.5/-2.0/3.5 d. 5.5/2.0/7.5 e. 5.5/7.5/-2.0 O Remove flag
Question 15 Not yet answered Marked out of 1.00 A Canadian senior earned $12,000 as payment from Canada Pension Plan (CP
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am