1. (10 pts) Choose C, 1, G, X, M or N (for none of the above) to show how the following transactions will be recorded in Canada's GDP Some transactions may require more than one answer.
a. You buy a $100 Lego set to give to your young nephew (in Vancouver) for Christmas.

B. You enter an agreement to pay the BC Cancer society S100 each month since you think they are doing good work to fight cancer.

C. A Japanese investor buys a successful hotel in Vancouver because it looks so profitable.

D. This Japanese-owned hotel hire many new workers as it tries to raise service levels to please new customers.

E. This Japanese-owned hotel buys new luxurious beds (made in Japan) to try to please new customers.

Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.