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The following table shows the monthly total expenditure in 2010 for an economy expressed in thousands of Canadian dollars (CAD). Month Value Jan 495.7 Feb
The following table shows the monthly total expenditure in 2010 for an economy expressed in thousands of Canadian dollars (CAD). Month Value Jan 495.7 Feb 511.1 Mar 527 Apr 543.3 May 560,1 Jun 577.4 Jul 595.3 Aug 613.7 Sep 632.7 Oct 652.2 Nov 672.4 Dec 693.1 a. What is the total expenditure for January 2010 in millions of CAD (answer with all decimals]? b. What is the total expenditure for January 2010 in thousands of US dollars (USD) if the exchange rate is 1.08 USD/CAD. Round your answer to the nearest first decimal. C. What is the monthly growth rate between March 2010 and April 2010 in percentage? Round your answer to the nearest second decimal. d. What is the monthly growth rate between October 2010 and November 2010 in percentage, using the log approximation? Round your answer to the nearest second decimal. e. What is the annualized growth rate in percentage between January and February 2010 using the exact formula? Round your answer to the nearest second decimal f. What is the annualized growth rate in percentage between November and December 2010 using the approximation formula? Round your answer to the nearest second decimal. & What is the value of the index base 100 = April 2010 in November 20107 Round your answer to the nearest second decimal
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