Macroeconomics

Revised estimates of Canadian GDP are usually released by Statistics Canada near the end of each month. Find a newspaper article that reports on the most recent release, or read the news release yourself at www.statcan.gc.ca, the website of Statistics Canada. Discuss not in more than 500 words the recent changes in real and nominal GDP and in the components of GDP.

2. Go to http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=3815000        Look for the GDP data of Kingston from 2005-2009. Write a brief note on the facts and rate of change of GDP* of Kingston. Also, compare the rate of change of GDP* of one more area (Toronto, Calgary, Quebec) of your choice.        *Rate of Change of GDP= (GDP of Current Year-GDP of Previous year)/GDP of Previous Year

3. Go to http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/labr87c-eng.htm   Look for the Labour Force data by Industry for Kingston.How much is the Kingston Labour Force? Find the top five industries hiring lar gest labour force. Also find the same details for Ottawa or Toronto. Describe the difference .