Question 1: During the early 1930s, there were a number of bank failures. What did this do to the money supply? The central banks advocated open-market purchases. Would these purchases have reversed the change in the money supply and helped banks? Explain.
Question 2: Why have labour-force participation rates for women in Canada increased since World War II while labour-force participation rates for men have decreased?
Question 3: Referring to Statistics Canada’s web site:
Using the data table “Gross Domestic Product (GDP) at basic prices, by industry, by Province and Territory” [Table 36-10-0402-01] and “Estimates of population (2016 Census and administrative data), by age group and sex for July 1st, Canada, provinces, territories, health regions (2018 boundaries) and peer groups [Table 17-10-0134-01]” answer the following questions:
a. Which three provinces or territories had the greatest real GDP in 2018?
b. Which three provinces/territories had the greatest real GDP per capita in 2016, 2017 and 2018?
c. Calculate the GDP share (%) of each of these provinces/territories in Canada’s real GDP in 2018.
d. Now, look for another table (you can use the “Search” function), “Consumer Price Index, annual average, not seasonally adjusted” [Table 18-10-0005-01]. In which province/territory was the consumer price index (all items) the highest in each of the years 2016 to 2018? What might be the explanation for that?
e. Using the same table what was the inflation rate (all items) for BC in 2016, 2017 and 201
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