Use the appropriate graphtime-series, cross-sectional, or scatter diagramto illustrate the economic data provided in each part below.

Question:

Use the appropriate graph—time-series, cross-sectional, or scatter diagram—to illustrate the economic data provided in each part below.

a. The Canadian-dollar price of one U.S. dollar (the “exchange rate”) in 2017:

January

1.319

July

1.269

February

1.311

August

1.261

March

1.339

September

1.228

April

1.344

October

1.261

May

1.361

November

1.277

June

1.330

December

1.277


b. A comparison of average household expenditures across provinces in 2016:


British Columbia

$85 845

Alberta

106 514

Saskatchewan

89 354

Manitoba

79 633

Ontario

88 953

Quebec

70 853

New Brunswick

67 933

Nova Scotia

73 879

Prince Edward Island

68 278

Newfoundland and Labrador

79 831


c. Per capita growth rates of real GDP and investment rates for various countries, averaged over the period 1950– 2009:

Country

Average Growth

Rate (% per year)

Average

Investment Rate

(% of GDP)

Canada

2.0

18.2

Austria

3.1

22.0

Japan

4.0

26.6

United States

1.9

18.1

United Kingdom

2.0

14.5

Spain

3.4

23.0

Norway

2.8

27.4

South Korea

5.1

27.2

Iceland

2.7

28.0

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Microeconomics

ISBN: 9780134835839

16th Canadian Edition

Authors: Christopher T.S. Ragan

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