Intermediate Macroeconomics II
ECON 3P22
Intermediate Macroeconomics II
The assignment is due in class on May 10.
Describe in 300 words or less the macroeconomic performance of one Canadian province over the
last decade. The data can be obtained from Statistics Canada, Cansim tables (http://www.statcan.gc.ca/tablestableaux/
sum-som/z01/cs0003-eng.htm)
Intermediate Macroeconomics II
Follow the example on the Canadian economy presented in class and include the following macroeconomic
variables:
Output (GDP)
Employment
Unemployment and youth (<25) unemployment
Inflation (Consumer Price Index)
Average house prices
Investment (Business gross fixed capital formation)
! Residential
! Non-residential
Government expenditure
Imports and exports
! Imports\Exports of goods to other countries
! Imports\Exports of services to other countries
! Imports\Exports of goods to other provinces
! Imports\Exports of services to other provinces
Consumption
! The production of goods
! The production of services
Intermediate Macroeconomics II
Compute the growth rates of each province’s GDP and its components over time.
Discuss the composition of output in each province. Summarize the economic standing of the
province following the financial crisis of 2007-2008 and compare it to the rest of the country using
the graphs presented in class.
Use a combination of graphs and tables to answer the questions above.
Distribution of provinces
Manitoba-Last name starts with A and B
Alberta-Last name starts with C, D, F
Ontario-Last name starts with G and H
Newfoundland and Labrador-Last name starts with I, J, K
British Columbia-Last name starts with L
Saskatchewan-Last name starts with M, N, O, P, Q
Nova Scotia-Last name starts with R, S, T
Prince Edward Island-Last name starts with U, V, W
Quebec-Last name starts with X
New Brunswick-Last name starts with Y, Z
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