Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been assigned by the Government of Canada as chief economist whose mainly responsible for exchange rates and payments with ROW . your top

You have been assigned by the Government of Canada as chief economist whose mainly responsible for exchange rates and payments with ROW . your top responsibili6es include he proper economic func6oning of Canadas top industries ( example : manufacturing , natural resources and mining ) . needless to say , those industries , due to their size rela6ve to the whole economy can have considerable effects on the demand and supply of the Canadian dollar , real GDP , Unemployment and infla6on . ( + interna6onal balance of payments ) .

We will tackle 2 scenarios : 1. Scenario 1 : Our top industries are doing well vs USA describe what is happening to :

( e.g more Americans are buying Canadian products )

a) The Canadian dollar ( apprecia6ng , deprecia6ng , effect on C$ demand and supply )

b) The American dollar(Apprecia6ng , deprecia6ng , effect on US$ demand and supply )

c) Canadas real GDP ( growing , declining , etc...)

d) Canadas Unemployment rate

e) Infla6on

f) Interna6onal balance of payments ( current account and financial account ) Provide a thorough explana6on for each point listed above

2. Compe>>on from the USAs top industries are nega>vely affec>ng us. describe what is happening to : ( e.g more Canadians are buying American products )

a) The Canadian dollar ( apprecia6ng , deprecia6ng , effect on C$ demand and supply ) b) The American dollar (apprecia6ng , deprecia6ng , effect on US$ demand and supply ) c) Canadas real GDP ( growing , declining , etc...) d) Canadas Unemployment rate

e) Infla6on

f) Interna6onal balance of payments ( current account and financial account ) Provide a thorough explana6on for each point

PART B (balance of payments )

1-What are Canadas top exports by industry for the period 2015 2019 (excel table and chart required )

2-What are Canadas top imports by industry for the period 2015-2019 ( excel table and chart required )

3-Exports :Who are Canadas top 5 major trading partners/ countries for the period 2015-2019 (excel table and chart required )

4-Imports :Who are Canadas top 5 major trading partners/ countries for the period 2015-2019 (excel table and chart required )

5-What are Canadas major investments around the world ( in general ) ? explain the type , the amount of investment ( if available ) and the country where the investment is held.

6-What are the top investments of countries in Canada ? explain the type , the amount of investment ( if available ) and the country where the investment is held

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions

Question

What was the impact of the OPM hack?

Answered: 1 week ago

Question

How can rural poverty be reduced in low-income countries?

Answered: 1 week ago