Visit the website of the statistics Canada Pick a province of Alberta and provide a summary statistics of the economic data for that province. In your summary provide answer for the following questions:Did GDP in 2019 compare to 2018 increase or decrease?Since 1980, is there a year in which GDP of the province decreased? What is the biggest component of GDP? Does the GDP of the province show the same pattern as the GDP of the whole Canada?How do you compare GDP per capita of the selected province with GDP per capita of entire Canada? How do you interpret this information?

Consider the table of GDP and population for several imaginary countries. GDP in millions of U.S. dollars 533.0 2275 Country Wrigleyville Longhornland Dinkytown $ 18.8 Using this information, please answer the questions. If there is not enough information to answer a question, please enter –11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. Population in millions GDP per capita in U.S. dollars 113.0 121 173.00 276800 1.600 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place. Incorrect

I Consider a country that produces only wheat and corn. Based on the data in the table, calculate the country's real GDP for year 2008 (assume 2005 as the base year) is: Price of Wheat (per bushel) $56 Quantity of Wheat (million bushels) 1.250 1,360 1,420 1,500 Price of Corn Quantity of Corn Year 2005 2006 2007 2008 (per bushel) $44 (million tons) 910 64 1,050 1,120 1,260 52 72 55 62

What is the US GDP for year end 2018?  What the personal consumption expenditures for year end 2019

As you learned in the most recent chapter, GDP is the broadest measure of economic health in the U.S. Therefore, the discussion forum for the week will ask you to discuss GDP in your own words.  Specifically,   Business leaders, Government officials, and investors are often fixated on GDP results and economic growth. Why? What does it matter? The same level of interest is given to productivity. What is it and why does it matter in the scheme of things? What does GDP fail to tell us?

Use the table below to answer the following questions. GDP per capita 2015 ($) 3, 664 4, 102 2, 007 10, 860 8, 603 GDP per capita 2020 ($) Country Bolivia China Ghana 4, 592 7, 519 2,615 15, 854 11, 239 Argentina Brazil Which of the countries had the highest level of per capita income in 2020? Ghana O Brazil O China O Bolivia O Argentina Which country had the highest rate of income growth from 2015 to 2020? O Ghana O Bolivia O China Brazil O Argentina Do incomes in these countries appear to be converging? O Yes, the countries with the highest income levels do not have faster growth. O Yes, the countries with the lowest income levels do not have faster growth. O No, the countries with the highest income levels do not have faster growth. O No, the countries with the lowest income levels do not have faster growth.

The economy of Tuland produces only two products fish and watches. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. Using the above information, calculate the following values. (Enter your responses rounded to two decimal places.) GDP for 2009 in 2009's prices GDP for 2009 in 2010's prices GDP for 2010 in 2009's prices 2009 2010 Quantity of fish 180 198 Quantity of watches 100 125 Price of fish $10.00 $12.50 Price of watches $40.00 $43.20 GDP for 2010 in 2010's prices Using 2009 as the base year, compute the percentage change in the price level, i.e. the inflation rate. hint you need to compute the GDP deflator first. Using 2010 as the base year, compute the percentage change in the price level, i.e. the inflation rate. hint: you need to compute the GDP deflator first. The geometric average of the two inflation rates QQQüüüü

What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing?

Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. Your research has uncovered the following data: Price of Crude Oil $ 80 90 100 110 GDP 17.0 16.9 16.8 16.7 #of New Mustaches Grown Price of Gasoline $2.75 3.00 3.25 3.50 3,000 2,000 5,000 1,000 Your client has asked you to plot GDP and gasoline prices on a graph. 1.) Using the multipoint curve drawing tool, plot GDP against gasoline prices on the graph to the right. Carefully follow the instructions above and only draw the required object. Click to enlarge graph Came Gasoline Prices ($per Galon) 3.75 3.50- 3.25 3.00- 2.75 2.50+ 16,5 16.9 GOP Q 16.7 17.1 17.3 After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line.

Download the USA GDP data in the last 70 years from FRED. Make a table showing the average growth rates in the last 70, 60, 50, 40, 30, 20 years and using these figures interpret the course of USA potential GDP growth through time. Do you think this is a good way to assess the development of potential GDP? Why/why not? Can you drive graph?