Questions-1Higher labour productivity increases the standard of living in a country. UsingStatistics Canada, obtain the annual data onreal GDP per employed worker andreal GDP per hour worker for Canada between 1987 and 2022.

(i)Plot the natural log of both variables in a same figure. Comment on your findings and discuss which variable is more accurate.(10 Points).

Show the diagram(s) below. The figure must be as informative as possible (the figure must have the labels, caption and titles of the axes).(Excel File including the raw data and your work must be submitted).

(ii)Plot the growth rate of both variables in a same figure and comment on your findings.(10 Points).

Show the diagram(s) below. The figure must be as informative as possible (the figure must have the labels, caption and titles of the axes).(Excel File including the raw data and your work must be submitted).

Questions-2UsingWord Bank Data, obtain the data on real GDP per capita and the female labour participation rate forall availablecountries in 2022.

Using the data obtained, plota scatter diagram with a trend line and discuss the relationship between the variables of your interest(10 Points).

Show the diagram(s) below. The figure must be as informative as possible (the figure must have the labels, caption and titles of the axes).(Excel File including the raw data and your work must be submitted).

Question-4UsingStatistics Canada, obtain the annual data on GDP and consumptions for Canada between 1981 and 2015

(i)Show thatthe deviation ofconsumption of durables and non-durables from trend in real GDP using a time series plot(10 Points).

(ii)Using the diagram created in part (i), comment on the cyclical behaviour of the chosen macroeconomic variables (the regularities in leading relationships and comovement relationship) considering the changes in real GDP, and discuss which variable of your interest is more variable relative totrend (5 Points)

Show the diagram(s) below. The figure must be as informative as possible (the figure must have the labels, caption and the titles of the axes).(Excel File including the raw data and your work must be submitted).

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