In 2011, a number of Canadians purchased homes in Arizona. Which ...

[rachel9]

In 2011, a number of Canadians purchased homes in Arizona. Which of the following would not be a logical explanation for this?
 
  A) The value of the Canadian dollar relative to the U.S. dollar increased during this time.
  B) The U.S. dollar appreciated relative to the Canadian dollar during this time.
  C) The Canadian dollar appreciated during this time.
  D) The U.S. dollar depreciated during this time.

Question 2

Describe the pattern of growth rates in real GDP per hour worked in the United States since the early nineteenth century. Has output per hour worked consistently increased at the same rate? Explain.
 
  What will be an ideal response?

[Cnarkel]

Answer to Question 1

B

Answer to Question 2

Growth in real GDP per hour worked averaged 1.3 throughout the nineteenth century and then increased to over 2 until the mid-1970s (when it fell to 1.3 again). Productivity slowed dramatically during the mid-1970s, but the emergence of the new economy saw average annual growth rates in GDP per hour worked rebound to 2.4 from 1996 - 2005, and then slowed to 1.2 from 2006-2014.

[rachel9]

Thank you

[Cnarkel]

No problemo