In 1990, the GDP of Canada was $680 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 85 U.S. cents. In 2000, the GDP of Canada was $1000 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 69 U.S. cents. By what percentage did the GDP of Canada increase from 1990 to 2000 in Canadian dollars?

a. 19.4%
b. 47%
c. 68%
d. 147%


b. 47%

Economics

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The demand curve depicts quantities demanded that have been gathered as prices have changed over time.

Answer the following statement true (T) or false (F)

Economics

The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor for the third worker is

A) 6. B) 8. C) 24. D) not known from the information provided.

Economics

Is a uniform per-unit tax on firms that cause an externality an optimal policy for correcting the externality? Explain

What will be an ideal response?

Economics

In the long run which of the following is true?

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Economics