A major factor influencing the rate of growth of a country’s economy is the availability of credit for investment purposes. Domestic credit is the amount of credit given out by the Bank of Canada to Canadian commercial banks and to the Canadian government. In the 1950s, domestic credit (in $ billion) was about 50% of GDP (in $ billion) in industrialized countries, whereas it was around 20% in emerging countries. Today both figures are much higher, but it hasn’t been a smooth ride from then until now. In order to investigate possible future trends, you collect data on domestic credit and GDP for Canada over a few recent years.

Identify the Five W’s, name the variables, specify for each variable whether its use indicates it should be treated as categorical or quantitative, and for any quantitative variable identify the units in which it was measured (or note that they weren’t provided or that the variable doesn’t have units).