1. Fill in the following table by answering these questions. The answers can all be found in the 2021 Ontario Action Plan document, that I have attached. (4 marks)

a. By how much did Ontario's real GDP decline in 2020?

b. Which country in the G7 has demonstrated the worst recovery?

c. What is the projected budget deficit for 2020-2021?

d. How much does Ontario's Action Plan intend to spend on protecting people's health?

e. How much does Ontario plan to spend on providing support over the next 4 years

f. What is Ontario's net debt-to-ratio estimate for 2021-2022?

g. Which industry showed the largest decline in employment due to the pandemic? By how much?

h. Did employment for males or females decline the most? By how much?

Revenue Item 2019 - 2020 2021 - 2022 Factor estimate Actual Outlook based on Personal Income Tax Corporation Tax Education Property Tax a. Decline in Ontario's real GDP b. G7 worst recovery C. Projected Budget Deficit for 2020- 2021 d. Protecting People's Health e. Projected Spending f. Ontario's net debt-to-ratio estimate for 2021-2022 g. Industry decline h. Impact on males vs. females