Copy of Canadian Statistics Assignment

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Toronto Metropolitan University *

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100

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Economics

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Feb 20, 2024

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pdf

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4

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Student Worksheet: Interpreting Canadian Economic and Living Standards Data for 2019 1. Name:___hiba________________________________________________ /34 marks 1. Complete the worksheet using the information from Canada at a Glance 2019. The information can be accessed on the internet at https://www150.statcan.gc.ca/n1/en/pub/12-581-x/12-581-x2019001-eng.pdf?st=JIHsmo4W . 2. Complete the following chart using the data from pages 5 and 6 of the booklet Canada at a Glance. Find the Life expectancy for Males and Females. Note: If you do not have Acrobat Reader installed on your computer, you may download it using the link near the top of the web page. Year 1984-86 1994-96 2016 Life expectancy at birth M: 73.1% F: 79.8% M: 75.2 F:81.9% M: 79.9 F:84.0% 3. What trends are apparent in the data above? (2 mks – CM) - female life expectancy at birth is significantly higher than male life expectancy throughout the years - male life expectancy at birth in more recent years (2016) is what female life expectancy at birth was in 1984-86 4. What do you think might have caused the trends you observed? (2 mks – CM) - factors such as the different lifestyles of both genders, behaviors, and medical advancements are what causes certain trends in life expectancy. Men are more likely to take on drinking, smoking and other unhealthy habits as opposed to women, especially in the 1980’s - 90’s. - The majority of jobs back in the day were labor induced making men more prone to health issues, whereas nowadays office jobs and work-from-home (remote) type jobs are most popular amongst the working class.
5. Look at page 12 to 13 of the booklet https://www150.statcan.gc.ca/n1/en/pub/12-581-x/12-581-x2019001-eng.pdf?st=JIHsmo4W -Enter a rank number for the countries across the row for each indicator listed. (The best would be 1 and the worst 6.) -If you are a male use data for males where applicable and if you are a female use data for females where applicable. NB: High infant mortality or unemployment rates means that the country will rank lower in quality of life as these are negative characteristics of a population . Country Example ND Island Canada U.S.A Japan Mexico Germany U.K. 1. General Government Debt (Lower the better) 2 4 4 6 4 2 4 2. Life expectancy (High is Best) 2 2 2 1 3 4 3 3. GDP per capita (High is Best) 4 3 3 3 6 3 4 4. Unemploy- ment rate (lower is better) 7 5 3 1 3 4 3 6. It’s time to tally your results in the following table. Add up the rank order numbers for each country to get a total quality of life score. Next, divide the total by 4 (the number of indicators used) to get an average quality of life ranking . Country Total quality of life score Average quality of life ranking ex. ND Island 2+2+4+7= 15 15/4 = 3.75 Canada 4+2+3+5 = 14 14/4 = 3.5 U.S.A. 5+5+1+5 = 16 16/4 = 4 Japan 6+1+3+1 = 11 11/4 = 2.75 Mexico 4+3+6+3 = 16 16/4 = 4 Germany 2+4+3+4 = 13 13/4 = 3.25 U.K. 4+3+4+4 = 15 15/4 = 3.75 7. Of the six countries listed, which three had the best average quality of life ranking? (6 – TH) - Japan - Canada - Germany 8. Of the six countries listed, which three had the worst average quality of life ranking? (6 – TH) - Mexico - U.K. - U.S.A
9. Define a Free Trade Agreement using https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/index.aspx?la ng=eng . (1 – cm) - Free Trade Agreements (FTA) are treaties which present several market opportunities for Canadian businesses, by reducing trade barriers, such as tariffs, quotas, or non-tariff barriers. They also allow for more predictable, fair and transparent conditions for businesses operating within foreign countries. 10. Provide a brief explanation of NAFTA (2 – cm) - NAFTA (North American Free Trade Agreement) seeks to liberalize trade between the U.S, Mexico, and Canada and abolish tariffs and other barriers. The agreement opens up the three countries’ markets by ensuring that future laws will not create barriers to doing business. 11. List the countries that Canada has signed trade agreements with (list 2 countries). (1 ) 1. Chile: Canada-chile Free Trade Agreement (CCFA) 2. Columbia: Canada-Colombia Free Trade Agreement 12. Using page 19 of the Canada at a Glance, ( https://www150.statcan.gc.ca/n1/en/pub/12-581-x/12-581-x2019001-eng.pdf?st=JIHsmo4W ) name Canada’s Largest trading partner by dollar value? Name two reasons as to why this is our largest trading partner? (3 – cm) - Canada’s largest trading partner by dollar value is the United States with the highest imports and exports. This may be because we are closest to them geographically, and our economies follow similar patterns and values. 13. What is the Export and Import dollar value with our largest trading partner? (1 – TH) The export and Import dollar value with the U.S. (our largest trading partner) happens to be $432,811 Million dollars in exports, and $390,880 Million dollars in imports. 14. Do we have a trade surplus or deficit with our largest trading partner? (1 – TH) - We have a trade surplus with the U.S. (41,931) 15. Name Canada’s 5 largest exports by dollar value. (2 – cm) 1. Energy products 2. Motor vehicles and parts 3. Consumer goods 4. Metal and non-metallic mineral products 5. Forestry products and building and packaging materials 16. Name Canada’s 5 largest imports by dollar value. (2 – cm) 1. Consumer goods 2. Motor vehicles and parts 3. Electronic and electrical equipment and parts 4. Industrial machinery, equipment and parts 5. Basic and industrial chemical, plastic rubber products
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17. Using page 16 of Canada at a Glance ( https://www150.statcan.gc.ca/n1/en/pub/12-581-x/12-581-x2019001-eng.pdf?st=JIHsmo4W ), look at the diagram of Real GDP at market prices. Between the years of 1993 to 2018 identify the time periods that display each stage of the Business Cycle. Write your answers in the space below. (3 – cm) example: between 93 to 95 - recession, 95 to ‘00 expansion 1993-1995: recession 1999-2000: peak 2003-2005: expansion 2004-2008: recession 2009: trough/depression 2014-2017: expansion 2017-2018: recession