You have been assigned by the Government of Canada to lead the Economys staPsPcs and recommendaPons department . your most important task would be to describe and answer the following about the 2 main indicators of Economic performance : Real GDP and inflaPon .

The final quesPon will ask you to provide your economic recommendaPons going forward :

1-GDP

-Define Real GDP -Produce the Canadian Real GDP Bar chart for the period 2005 2018 (using excel )

- When was the GDP at its lowest point during this period ? research this parPcular year and provide a detailed explanaPon .

-Provide the top 20 country ranking in real GDP ( year 2020)

-What is Canadas ranking ? Provide a breakdown of this GDP by main industry and draw a pie chart (Excel )

-How does the USA GDP Compare in size to ours ( 2019) ? Provide a breakdown of their GDP by main industry and draw a pie chart (Excel)

2-Infla4on : -Define inflaPon

-Produce the Canada inflaPon rates bar chart for the period 2005 2018 - (using Excel ) when was is at its lowest ? research this parPcular year and provide a detailed explanaPon .

-How does the USA rate Compare to ours ( 2019)? -Draw the CPI breakdown Pie chart for Canada and USA for the year 2019 Compare

-Which country had the highest InflaPon rate in the world for 2019 research and state why was that the case ? ( briefly )

3-Business Cycle

The most recent Canadian business cycle which included the Financial crisis of 2008-2009 is a good example worth a thorough look . Based on the Figure, you are required to provide a short analysis of real GDP during this Pme period ( 2005-2011 ) and a short explanaPon of : expansion , inflaPonary gap , peak , trough , recessionary gap , expansion and contracPon

-What was the effect on GDP , unemployment rate and inflaPon during 2008-2009 ?

6-Recommenda4ons on how to go forward / improve the economy based on your findings.

-What are your suggesPons to improve GDP ? -How do you intend to reduce unemployment ? -What is your strategy to tackle inflaPon ?