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Canadian Economic Indicators for Selected Years I ndicator GDP Implicit Price Deflator (chain-linked, 2002=100) estat: Table 380-0056 Nominal GDP ($...

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2. Canadian Economic Indicators for Selected Years I ndicator Year GDP Implicit Price Deflator (chain-linked, 2002=100) estat: Table 380-0056 Nominal GDP ($ CDN; millions) estat: Table 380-0017 Population 1 st quarter estat: Table 051- 0005 1966 18.0 64,818 19,857,000 1976 36.5 199,994 23,304,216 1986 69.9 512,541 25,963,131 1996 91.6 836,864 29,447,457 2006 112.8 1,446,307 32,448,358 5 (a) Calculate the average annual inflation rate using the Canadian GDP Implicit Price Deflator for each of the following decades – 1966 to 1976, 1976 to 1986, 1986 to 1996, and 1996 to 2006. Are there significant differences in the inflation rates over time? Which decade experienced the greatest inflation? Comment on what was happening in this decade resulting in the high inflation rate. 5 (b) Calculate the average annual growth rate for nominal GDP for each of the following decades – 1966 to 1976, 1976 to 1986, 1986 to 1996, and 1996 to 2006. Are there significant differences in the growth rates over time? Which decade experienced the greatest growth in nominal GDP? Comment on what was happening in this decade resulting in the high growth rate. 5 (c) Calculate the real per capita GDP for 1966, 1976, 1986, 1996, and 2006.
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Economics- 8098692.doc

2. Canadian Economic Indicators for Selected Years
I
ndicator GDP Implicit Price
Deflator
(chain-linked,
2002=100)
estat:
Table 380-0056 Nominal GDP
($ CDN;
millions)
estat:
Table 380-0017...

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