Chapter 21 A First Look at Macroeconomics

Problem 6.


The Excel spreadsheet that we’ve prepared for you contains quarterly data on real GDP, unemployment, inflation, the government budget balance, and Canada’s current account balance since 1998. Select ‘Save to a file.’ When the file is saved on your computer, you must first unzip it and then open it in Excel.

Critical Thinking 1.


You can obtain the Hong Kong economic data that you need from this Hong Kong government Web site. When you arrive at the site, click on Economic Statistics.

Critical Thinking 2.


You can obtain the Canadian data that you need from Statistics Canada . When you arrive at the site, click on Canadian statistics. The items that you need for this question are under The Economy, Economic conditions.

Critical Thinking 3.


You can obtain the regional unemployment data that you need from Statistics Canada . The items that you need for this question are under The People, Labour, employment, and unemployment.

Critical Thinking 4.


You can obtain the CPI data that you need from Statistics Canada . When you arrive at the site, click on Canadian statistics. The items that you need for this question are under The Economy, Economic conditions.

Critical Thinking 5.


You can obtain the data that you need from Statistics Canada . When you arrive at the site, click on Canadian statistics. You’ll find the unemployment rate, question (a), under The People, Labour, employment, and unemployment; the inflation rate, question (b), under The Economy, Economic conditions; the government budget data, question (c), under The State, Government; and the international data, question (d), under The Economy, International trade.