Referring to Statistics Canada’s web site:
http://www.statcan.gc.ca/start-debut-eng.html. Using the summaries table “Real Gross Domestic Product, Expenditure-Based, by Province and Territory” and “Population by year, by Province and Territory” answer the following questions
a. Which three provinces or territories had the greatest real GDP in 2015?
b. Which three provinces/territories had the greatest real GDP per capita in 2013, 2014 and 2015?
c. Calculate the GDP share (%) of each of these provinces/territories in Canada’s real GDP in 2015.
d. Now, look for another table (you can use the “Search” function), “Consumer price index, historical summary, by province or territory.” In which province/territory was the consumer price index the highest in each of the years 2013 to 2015? Can you think of an explanation for that?
e. Using the same table what was the inflation rate for BC in 2013, 2014 and 2015?