1. The table below show the Unemployment and Economic growth rate for the countries of Grenada and Canada. Years Grenada Unemployment Rate % Grenada Economic Growth Rate % Canada Economic Growth Rate % Canada Unemployment Rate % 2015 29 6.44 0.66 6.9 2016 25 3.74 1.00 7 2017 23 4.44 3.04 6.3 2018 20 4.14 2.43 5.8 2019 15.1 1.98 1.86 5.7 2020 28 -11.23 -5.40 9.5 a. Construct a line graph and discuss the relationship between Unemployment and Economic growth for each country. b. Compare the relationship between Unemployment and Economic growth between the two countries.
1. The table below show the Unemployment and Economic growth rate for the countries of Grenada and Canada. Years Grenada Unemployment Rate % Grenada Economic Growth Rate % Canada Economic Growth Rate % Canada Unemployment Rate % 2015 29 6.44 0.66 6.9 2016 25 3.74 1.00 7 2017 23 4.44 3.04 6.3 2018 20 4.14 2.43 5.8 2019 15.1 1.98 1.86 5.7 2020 28 -11.23 -5.40 9.5 a. Construct a line graph and discuss the relationship between Unemployment and Economic growth for each country. b. Compare the relationship between Unemployment and Economic growth between the two countries.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1. The table below show the
Years |
Grenada Unemployment Rate % |
Grenada Economic Growth Rate % |
Canada Economic Growth Rate % |
Canada Unemployment Rate % |
2015 |
29 |
6.44 |
0.66 |
6.9 |
2016 |
25 |
3.74 |
1.00 |
7 |
2017 |
23 |
4.44 |
3.04 |
6.3 |
2018 |
20 |
4.14 |
2.43 |
5.8 |
2019 |
15.1 |
1.98 |
1.86 |
5.7 |
2020 |
28 |
-11.23 |
-5.40 |
9.5 |
a. Construct a line graph and discuss the relationship between Unemployment and Economic growth for each country.
b. Compare the relationship between Unemployment and Economic growth between the two countries.
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