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Prepare a table for gross domestic product

Assignment Help Macroeconomics
Reference no: EM132550908

For this assignment you will need data from Statistics Canada's CANSIM Database website www.statcan.gc.ca . This data is publicly available and you can also search by typing "Stats Canada CANSIM" in your search engine or alternately you can search through Humber college library's website. Find the Canada's Economic Accounts and prepare summary tables and answer the following questions:

c) Prepare a table for Gross Domestic Product, expenditure based, at 2012 constant prices, annual for the year 2015 through 2018. Print a data table and attach to the end of your answer.

d) Define the real and nominal GDP. Compare the trend that you observed from the GDP at market price and GDP at constant prices (from the above tables). How are they different from each other?

e) Calculate GDP deflator for each year by using the real GDP and nominal GDP from the above tables. You can explain your answer in tabular form. Also briefly explain the meaning of GDP deflator as understood by you.

 

 

Reference no: EM132550908

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