EC222/Fall 2021, Extra Credit        _____________________________________________________1.  Candace makes 6 pies in 3 hours; Raymond makes 40 pies in 8 hours; Vanessa makes 80 pies in a 20 hours, Sam makes 10 pies in 4 hours. Calculate their output per hour. Candace? ____________ Raymond? __________ Vanessa? ____________ Sam? ____________Who is the most productive? ___________________________2.  When the amount of savings increases, interest rates will ____________ (increase, decrease) and the amount of loans for business investment will _______________(increase, decrease)3.  Should Haiti (or any country) impose high tariffs on imported goods to protect domestic industry? ___________ 4.  ________________Free international trade will _________ prices, and _________ incomes.a.  Increase; increaseb.  Decrease; decreasec.  Decrease; increased.  Increase; decrease5.  _________________Real GDP for Country A is $50 billion. Real GDP for Country B is $50 billion. Country A has 5 million people, while Country B has 25 million people. In which one is the average citizen better off? Real GDP per capita for A? _______________ Real GDP per capita for B? _______________      _____________________________________________________________________________________________Inflation    Real GDP    Nominal GDP  Population   Country  Rate    Growth Rate   Growth Rate  Growth Rate  A      3%      5%       18%      5%       B      7%      9%       25%      7%C      – 5%      2%       50%      10%D      2%      11%       15%      12%6.  _____________ Using the table above, which country is improving the most economically for the average citizen of that country?