This term test consists of 25 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 this exam (which you should
detach, as it is the only thing you will turn in at the end of the exam - you are free to take the rest of the exam
away with you; use the fronts and back of these pages for your rough work; if you wish to keep a record of
your answers, make a note of them on the exam; the answer sheet will be returned to you in tutorial; if you do
not attend tutorial, your answer sheet will not be returned to you, but your overall mark on the exam will be
Each correct answers is worth 4 marks (there is no deduction for wrong answers).
Canada’s GDP in 2006 (measured in current dollars) is estimated to be approximately:
Y) none of the above
Which of the following statements about the unemployment rate (u) in Canada is correct?