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Year Nominal GDP (Billions) Gdp Deflator Population CPI Medium Family Income 2017 2,102.57 115.006 36.514 130.658 84,950 2016 2,018.68 112.53 36.188 128.247 82,110 2015 1,985.65

Year

Nominal GDP (Billions)

Gdp Deflator

Population

CPI

Medium Family Income

2017

2,102.57

115.006

36.514

130.658

84,950

2016

2,018.68

112.53

36.188

128.247

82,110

2015

1,985.65

112.295

35.825

126.542

80,940

2014

1,973.04

112.893

35.497

125.158

78,570

2013

1,892.19

110.944

35.102

122.8

76,550

2012

1,822.81

109.247

34.699

121.675

74,540

2011

1,769.92

107.929

34.303

119.842

72,240

2010

1,662.13

104.539

33.959

116.475

69,860

2009

1,567.37

101.619

33.581

114.45

68,410

2008

1,652.92

104.005

33.199

114.108

68,860

2007

1,573.53

100

32.848

111.45

66,550

2006

1,492.21

96.788

32.529

109.125

63,600

2005

1,417.03

94.323

32.203

106.967

60,600

  1. Calculate and state the following for the years shown for the Canadian economy: the rates of growth (% per year) of
  1. nominal GDP;
  2. real GDP;
  3. real GDP per capita.
  4. Real Medium family income

(Provide the raw data for all the years and show your work at least once for each category.)

  1. Plot all your results calculated in ( 1 ) above on one graph. Must use graph paper and utilize the entire page. (Use a time series graph.)

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