Question
Q4. Follow the instructions below to complete question Go to the following Statistics Canada website areas to obtain the data for this question. GDP, income
Q4. Follow the instructions below to complete question
Go to the following Statistics Canada website areas to obtain the data for this question.
GDP, income based: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010301
For the GDP by income data, use the reference period as Qtr4 of last year, and set the Seasonal adjustment: at "Seasonally adjusted at annual rates." Click apply to view the data. There is a button to Download the data if you require.
GDP, expenditure based: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010401&pickMembers%5B0%5D=2.2&pickMembers%5B1%5D=3.1&cubeTimeFrame.startMonth=07&cubeTimeFrame.startYear=2022&cubeTimeFrame.endMonth=07&cubeTimeFrame.endYear=2022&referencePeriods=20220701%2C20220701
Set the GDP expenditure to search for the 4thQuarter data from last year (example Q4/2021). Set Prices: to "Current prices," and set Seasonal adjustment: to "Seasonally adjusted at annual rates." Click apply to view the data. There is a button to Download the data if you require.
The data below in Column A shows items from Canada's national accounts in Qtr4 of 202x. The values are in x$1,000,000.
Use the expenditure approach to calculate the value of the GDP in column B.
Use the income approach to calculate the value of the GDP in column C.
Explain in the reason why the aggregate GDP income equals the aggregate GDP expenditure.
GDP Category | (A) Qtr4-202x Values | (B) GDP from Expenditure Approach | (C) GDP from Income Approach |
Consumer consumption expenditure | 1,385 | ||
Government consumption and expenditure | 659 | ||
Rent and interest | 347 | ||
Investments by businesses | 535 | ||
Corporate profit | 992 | ||
Net exports | 325 | ||
Wages | 1,422 | ||
Indirect taxes less subsidies | 312 | ||
Depreciation | 444 | ||
Total | xxx | xxx |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started