BECN 200

Assignment 1

Learning Objectives:

The assignment demonstrates your ability to find reliable economic data and compare the economic performance of two different countries. You may NOT use the UnitedStates as your second country. Any other country is fine as long as you can find current data to use.

Note: Investopedia and Wikipedia are not acceptable sources. Please find a direct source for your data.

Please remember to properly cite your references

Transcribed Image Text:

Question 1 Compare the Canadian economy to that of another country's economy. The statistics listed below are merely a sample of what you can use. For data, include at least ten different statistics. You must use the same statistics for both countries. Present your data in a Word document, in table format. You must include at least one interest rate (but 3 different interest rates count as one statistic). Make sure you state which interest rate - prime rate, bank rate, short term money rate - you are using. (5 marks) Canadian data must be retrieved from the two Canadian sites listed below on Tuesday February 6. I want us all to use the same data for Canada. So please retrieve your data on this date and only from the two websites I have listed. The data from the other country should be equally as current (within 6 months). If you can't find the sufficient current comparable data, choose another country. Some hints: There is a difference between release date (when the statistic was published) and what period it covers. For example, if the statistic is released in July 2023, it may cover the change from July 2022 to June 2023. That statistic is acceptable. Don't forget to state the time period of each statistic (e.g., 4nd Quarter 2023, or change from January 2022 to January 2023). Make sure you are clear on whether you are talking about the rate (which would be a percentage), the change in the rate or statistic, or an actual number. Make sure you note whether the numbers are in millions or billions. Suggested Statistics - you may choose others as long as they are appropriate macroeconomic indicators and you can find identical statistics in the other country you chose. Population Proportion of people aged 65 and older Gross Domestic Product (no more than 1) Real GDP (in dollar terms) Real GDP growth (in %) over the last year or the last quarter Nominal GDP Sales (1 statistic only - e.g. Retail, Manufacturing, Wholesale) Unemployment rate Labour force Participation rate Inflation rate Industrial Product Price Index Current account balance Goods trade balance Median after-tax income Exchange rate - between the two countries or both compared to the US dollar Interest rates: prime rate, target rate, bank rate, short term money rate (specify which and no more than 1) Question 1 Compare the Canadian economy to that of another country's economy. The statistics listed below are merely a sample of what you can use. For data, include at least ten different statistics. You must use the same statistics for both countries. Present your data in a Word document, in table format. You must include at least one interest rate (but 3 different interest rates count as one statistic). Make sure you state which interest rate - prime rate, bank rate, short term money rate - you are using. (5 marks) Canadian data must be retrieved from the two Canadian sites listed below on Tuesday February 6. I want us all to use the same data for Canada. So please retrieve your data on this date and only from the two websites I have listed. The data from the other country should be equally as current (within 6 months). If you can't find the sufficient current comparable data, choose another country. Some hints: There is a difference between release date (when the statistic was published) and what period it covers. For example, if the statistic is released in July 2023, it may cover the change from July 2022 to June 2023. That statistic is acceptable. Don't forget to state the time period of each statistic (e.g., 4nd Quarter 2023, or change from January 2022 to January 2023). Make sure you are clear on whether you are talking about the rate (which would be a percentage), the change in the rate or statistic, or an actual number. Make sure you note whether the numbers are in millions or billions. Suggested Statistics - you may choose others as long as they are appropriate macroeconomic indicators and you can find identical statistics in the other country you chose. Population Proportion of people aged 65 and older Gross Domestic Product (no more than 1) Real GDP (in dollar terms) Real GDP growth (in %) over the last year or the last quarter Nominal GDP Sales (1 statistic only - e.g. Retail, Manufacturing, Wholesale) Unemployment rate Labour force Participation rate Inflation rate Industrial Product Price Index Current account balance Goods trade balance Median after-tax income Exchange rate - between the two countries or both compared to the US dollar Interest rates: prime rate, target rate, bank rate, short term money rate (specify which and no more than 1)