Use Stats Canada to answer Complete the following assignment and submit your work to the dropbox Unit
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Complete the following assignment and submit your work to the dropbox Unit 3: Activity 1 GDP (Total 14 marks) Before you upload your file, ensure your name appears on the top of every page of your document. Keep a copy of your work on your hard drive. Using the Statistics Canada link below. In the search box, type "GDP", then click "2. Gross domestic product, expenditure-based". Use the information to answer the following questions. Make sure to write your answers in full sentences. 1. What is the GDP number in the most recent year and the year before? (Don't forget to write down the unit) (2 marks) 2. How much is the overall growth in GDP? (What is the percentage change in GDP between the most recent year and the year before?) (1 mark) 3. Do you believe this to be a good thing for Canada? Explain. (1 mark) 4. Does it mean that the level of output of this country has changed by the same amount as your answer to #2? Explain your answer. (1 marks) 5. What is the trend of government spending during this 5 year period? Use 2 evidence from the statistics from the webpage to support your answer. (2 marks) 6. What is the general trend for consumer spending during this 5 years? Explain why you think that may be so? (2 marks) 7. What is the trend of net exports during this 5 year period? (1 mark) Go to the Statistics Canada website and complete the assignment described above. Complete the following assignment and submit your work to the dropbox Unit 3: Activity 1 GDP (Total 14 marks) Before you upload your file, ensure your name appears on the top of every page of your document. Keep a copy of your work on your hard drive. Using the Statistics Canada link below. In the search box, type "GDP", then click "2. Gross domestic product, expenditure-based". Use the information to answer the following questions. Make sure to write your answers in full sentences. 1. What is the GDP number in the most recent year and the year before? (Don't forget to write down the unit) (2 marks) 2. How much is the overall growth in GDP? (What is the percentage change in GDP between the most recent year and the year before?) (1 mark) 3. Do you believe this to be a good thing for Canada? Explain. (1 mark) 4. Does it mean that the level of output of this country has changed by the same amount as your answer to #2? Explain your answer. (1 marks) 5. What is the trend of government spending during this 5 year period? Use 2 evidence from the statistics from the webpage to support your answer. (2 marks) 6. What is the general trend for consumer spending during this 5 years? Explain why you think that may be so? (2 marks) 7. What is the trend of net exports during this 5 year period? (1 mark) Go to the Statistics Canada website and complete the assignment described above.
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Here are the answers to the GDP questions using data from Statistics Canada 1 The GDP number in the ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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