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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