The COVID virus has had an impact on all faucets of our economy. Please discuss the impact it has had on each of the variables below over the next 12 months. Explain if each of the items from the GDP and Canadian economy will increase, decrease or remain unchanged and the reasoning behind your decision.

a) C (Consumption)

b) I (Investment)

c) G (Government spending)

d) IM (Imports)

e) X (Exports)

f) Taxes

g) Government budget (Taxes - Government spending)

h) Overall value of the GDP

i) The value of our dollar in comparison to the US dollar

k) The unemployment rate

l) The supply of money (M1)

m) The prime interest rate (Interest rate offered by commercial banks to their best customers)

Thank you every much!