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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.
Assume your typical customer has the demand function q = 20 - p and your marginal cost is MC = 10 dollars, as illustrated in the graph. Then, the optimal block pricing strategy is
Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?
john operates a small business out of his home and has very little in terms of fixed costs. answer the next questions
What problems might create - How might this lead to further interference by central planners into family choices?
if the US engage in foreign trade, should we limit foreign trade to nations that engage in fair trade by giving us access to their domestic markets and reciprocal import tariff reductions that mirror our tariff reductions on our imports from them
Different societies view unemployment differently. Some view it as a social ill and others as an economic problem. For instance the USA unemployment insurance.
Write a C++ program that consists of three classes, A,B,and C, such that B is a subclass of A and C is a subclass of B. Each class should define a member variable named "x" (that is, each has its own variable named x).
Describe their organizational structure and what market entry strategies each of these companies are currently using.
Assume that capital and labor both exhibit diminishing marginal returns, so that capital can be substituted for labor in the production process (and vice versa), but capital and labor are not perfect substitutes. How would such a tax affect the rel..
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
If the AD shortfall is $600 billion and the MPC is 0.9, ( a ) How large is the desired fiscal stimulus? ( b ) How large an income tax cut is needed? ( c ) Alternatively, how much more government spending would achieve the target
What happens when supply is totally elastic or totally inelastic, and a subsidy is given by the government: Will the producer change the amount of units he’s supplying to the market? And will the price received by the producer be reduced
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