Provide current and correct data needed to answer the questions

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This assignment assesses your knowledge on the following Course Outcome:

BU204-2: Examine macroeconomic aggregate indicators, such as the GDP, inflation rate, unemployment rate, and their implications on the national economy.

1. Using the procedures described in theUnit 3 learning activity and listed in theWorld Bank Research Steps document, collect the data requested below from the World Bank for the year of 2000 and for the year of 2015.

1. Selecting Canada and China, download AND LIST the following data from the World Bank, in an Excel spreadsheet, for both the year ending 2000 and the year ending 2015:

1. Industry (including construction), value added (% of GDP)
2. GDP (constant 2015 US$)
3. GDP per capita (constant 2015 US$)
4. Population, total
5. Employment in agriculture (% of total employment) (modeled ILO estimate)
6. Employment in industry (% of total employment) (modeled ILO estimate)
7. Employment in services (% of total employment) (modeled ILO estimate)
8. Employment to population ratio, over 15 years of age total percentage.
9. Land area (sq. km)

Data for Canada and China for 2000 and 2015:

Data Element	Canada (2000)	Canada (2015)	China (2000)	China (2015)
Industry (% of GDP)	X.X	X.X	X.X	X.X
GDP (constant 2015 US$)	X.X	X.X	X.X	X.X
GDP per capita (constant 2015 US$)	X.X	X.X	X.X	X.X
Population, total	X.X	X.X	X.X	X.X
Employment in agriculture (% of total employment)	X.X	X.X	X.X	X.X
Employment in industry (% of total employment)	X.X	X.X	X.X	X.X
Employment in services (% of total employment)	X.X	X.X	X.X	X.X
Employment to population ratio (% over 15 years)	X.X	X.X	X.X	X.X
Land area (sq. km)	X.X	X.X	X.X	X.X

1. For each country, calculate the percentage differences between the year 2000 and the year 2015 for each set of data.

Percentage Differences for Canada and China (2000-2015):

Data Element	Canada % Change	China % Change
Industry (% of GDP)	X.X%	X.X%
GDP (constant 2015 US$)	X.X%	X.X%
GDP per capita (constant 2015 US$)	X.X%	X.X%
Population, total	X.X%	X.X%
Employment in agriculture (% of total employment)	X.X%	X.X%
Employment in industry (% of total employment)	X.X%	X.X%
Employment in services (% of total employment)	X.X%	X.X%
Employment to population ratio (% over 15 years)	X.X%	X.X%
Land area (sq. km)	0%	0%

1. Calculate the percentage difference between Canada and China for the year 2015for each of the data elements.

Percentage Difference Between Canada and China (2015):

Data Element	Canada-China % Difference
Industry (% of GDP)	X.X%
GDP (constant 2015 US$)	X.X%
GDP per capita (constant 2015 US$)	X.X%
Population, total	X.X%
Employment in agriculture (% of total employment)	X.X%
Employment in industry (% of total employment)	X.X%
Employment in services (% of total employment)	X.X%
Employment to population ratio (% over 15 years)	X.X%
Land area (sq. km)	-

2. In a 400-500-word essay and using at least one outside source, explain WHY you think these valuesin the data for question 1 differ between the two countries? How does long-run economic growth operate differently between these two countries.

(Enter response here.)

3) Imagine a simple economy where people consume only two goods, food and clothing, as shown in the table below. Further, assume that the market basket of goods used to compute the CPI consists of 100 units of food and 20 units of clothing.

a. Compute the percentage changes in the price of food and the percentage change in the price of clothing between 2004 and 2005.

(Enter response here.)

b. Calculate the percentage change in the CPI between 2004 and 2005.

(Enter response here.)

c. Do you think the CPI price changes affect all consumers in the economy to the same extent? If not, how do you determine who "wins" and who "loses" in this situation? Explain why these differences would exist.

(Enter response here.)

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References:

Author. (Date.) Title. Source.