Go to Statistics Canada's main socioeconomic database at https://www150.statcan.gc.cal/en/type/data Use data from 2001 to 2021. Total points are 25. 1 (15 points) GDP: Find table
Go to Statistics Canada's main socioeconomic database at https://www150.statcan.gc.cal/en/type/data Use data from 2001 to 2021. Total points are 25. 1 (15 points) GDP: Find table Table 36-10-0369-01 Gross domestic product, expenditure-based, at 2012 constant prices, annual (x 1,000,000). a) b) c) d) e) f) Create a table of C, I, G, (X M) and Y. Create a graph of C, I, G, and (X-M). Express each component as a share of total GDP. Create a graph showing the evolution of shares over time. Discuss the pattern in shares as well as values that emerges across the categories and over time. In particular, what happened during the 2008 financial crisis? Any noticeable changes to the pattern in 20207 What happened to investment around 20157 Discuss. Create a table of S and 1. Express each component as a share of total GDP. Create a graph showing the evolution of S/Y and I/Y over time. Discuss the pattern. Separate net exports of goods and services into \"net exports of goods\" and \"net exports of services.\" Discuss the balances of trade in goods and services for Canada. What happened after the 2008 financial crisis? Some comments and hints: e \"expenditure-based\" means that we look at how our GDP is spent. Alternatively, we could look at the \"income-based\" measure which show how income is paid for factors of production (labour, capital, etc). e \"at 2012 constant prices\" means that our GDP measure is real rather than nominal. If you would like to review the difference between real and nominal variables, please review it in Econ 114 text. usually we work with GDP data measured in \"chained dollars.\" However, chained dollars measures are not additive. For the purpose of this assignment, I select \"constant dollars\" which means that our GDP is measured using 2012 prices. e What is C? In the table this is \"Household final consumption expenditure\" plus \"Non- profit institutions serving households' final consumption expenditure e What is I? In the table this is \"Business gross fixed capital formation\" plus \"Non- profit institutions serving households' gross fixed capital formation\" plus \"Investment in inventories.\" e What is G? This 1s \"General government final consumption expenditure\" plus \"General government gross fixed capital formation.\
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