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The Canadian Government had the following balances in the fourth quarter of 2018 (in millions): Imports $654,843 Governmentpurchases $417,805 Consumer spending $1,196,360 Taxes, less subsidies

The Canadian Government had the following balances in the fourth quarter of 2018 (in millions):

Imports $654,843

Governmentpurchases $417,805

Consumer spending $1,196,360

Taxes, less subsidies $98,392

Compensation of employees $1,135,000

Business investment $437,681

Exports $664,437

A) Calculate Canada's fourth quarter 2018 GDP using the expenditure approach. (5 marks)

B) If GDP using the income approach was $2,195,650, what amount would the statistical discrepancy added to the expenditure approach need to be? (2 marks)

C) What is the final balance of GDP with the statistical discrepancy? (1 mark)

D) In 2019, Canada's population was 37 million. Calculate the per capital GDP in the fourth quarter.

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