ECO 1102 Study Guide - Midterm Guide: Gdp Deflator, Nominal Interest Rate, Toronto Stock Exchange

• School: University of Ottawa
• Department: Economics
• Course: ECO 1102
• Professor: Serge Nadeau

Document Summary

Instructions: please fill in your name and student number on every page of the exam questionnaire and on the ncs sheet. Use the ncs sheet to answer the multiple choice questions. There are 43 questions in total (41 multiple choice and 3 short-answer questions). This exam has 10 pages check that this copy has all of them. Identify the letter of the choice that best completes the statement or answers the question: which of the following measures a nation"s standard of living? real gdp real gdp per person, nominal gdp, nominal gdp per person. A professional gambler moves from a province where gambling is illegal to a province where gambling is legal. It does not change gdp because gambling is never included in gdp. It does not change gdp because in either case his income is included: over time, people have come to rely more on market-produced goods and less on goods that they produce for.