FinalExam.A06.2005

# FinalExam.A06.2005 - ECMA06H The Final Exam April 11, 2005...

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PART I: MULTIPLE CHOICE QUESTIONS (80 marks) This exam includes 40 questions. Answer each question by choosing the best alternative and indicating your choice with a CAPITAL LETTER in the appropriate place on the first page of the ANSWER BOOKLET. Each correct answer is worth 2 marks; there is no deduction for wrong answers. 1. Canada’s GDP in 2004 (measured in current dollars) was approximately: A) \$900,000 B) \$1,300,000 C) \$4,000,000 D) \$9,000,000 E) \$13,000,000 F) \$40,000,000 G) \$90,000,000 H) \$130,000,000 I) \$400,000,000 J) \$900,000,000 K) \$1,300,000,000 L) \$4,000,000,000 M) \$9,000,000,000 N) \$13,000,000,000 O) \$40,000,000,000 P) \$90,000,000,000 Q) \$130,000,000,000 R) \$400,000,000,000 S) \$900,000,000,000 T) \$1,300,000,000,000 U) \$4,000,000,000,000 V) \$9,000,000,000,000 W) \$13,000,000,000,000 X) \$40,000,000,000,000 Y) \$90,000,000,000,000 Z) none of the above 2. In the last year or so, the annual rate of inflation in Canada (measured by the annual change in the Consumer Price Index) has been approximately: A) 0% B) 2% C) 4% D) 6% E) 8% F) 10% G) 12% H) 14% I) 16% J) 18% K) 20% L) 25% 3 ! 4. A firm in 2004 produced goods worth \$12,000. It had sales totaling \$11,800, of which \$6000 was to consumers, \$2000 was to government, \$2500 was to other firms within the country for immediate use in production, and \$1300 was to other firms for use as investment in plant and equipment. The firm had \$200 in goods it did not sell, representing a
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## FinalExam.A06.2005 - ECMA06H The Final Exam April 11, 2005...

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