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2. Read the article about Labour market impacts of COVID-19 on Indigenous people: March to August 2020 (https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00085-eng.htm) and answer the following questions: (35 points)

2. Read the article about "Labour market impacts of COVID-19 on Indigenous people: March to August 2020" (https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00085-eng.htm) and answer the following questions: (35 points)

a. Based on the data provided in the paper, unemployment rate has increased in both indigenous and non-indigenous people after the start of the pandemic. To which category of unemployment does this belong to? Why? b. How do you compare the labour market impacts of the COVID-19 pandemic on Indigenous people and non-indigenous people? c. Provide an economic explanation for your answer in part b.

3. Check the article "Gross domestic product, income and expenditure, first quarter 2021" (https://www150.statcan.gc.ca/n1/daily-quotidien/210601/dq210601b-eng.htm) and answer the following questions: (30 points)

a. How nominal and real GDP did change during the first quarter of 2021? b. What factor(s) did contribute to the change in nominal GDP? Can these factors also explain a change in real GDP? Explain your answer. c. You have learned that GDP can be classified in four components including consumer expenditures, investment, government purchase, and net exports. Which of these components did contribute to the change in real GDP?

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