Eco1102 Assignment 1 David grey

1245 words 5 pages
1. a) i) The content of the table is about Canada’s economic and financial situation divided into four sectors: real sector, fiscal sector, financial sector, and external factor. Each of the four sectors is divided into smaller categories. For example: real sector is divided into national accounts, production index, labor market, prices indices. The other three factors are also divided into smaller categories just like the real sector. In addition, this table has the most recent GDP to show the success of Canada’s economy. The overall goal of the data is to show Canada’s recent economic situation.

ii) There are five level one headings in this table, which are: real sector, fiscal sector, financial sector, external sector, and
…show more content…
d) i)
Year
CPI
Ann. inf.rate
Avr. inf.rate
1990
78.4
4.81

1991
82.8
5.61
5.21
1992
84
1.45
3.53
1993
85.6
1.90
1.68
1994
85.7
0.12
1.01
1995
87.6
2.22
1.17
1996
88.9
1.48
1.85
1997
90.4
1.69
1.59
1998
91.3
1.00
1.34
1999
92.9
1.75
1.37
2000
95.4
2.69
2.22
2001
97.8
2.52
2.60
2002
100
2.25
2.38
2003
102.8
2.80
2.52
2004
104.7
1.85
2.32
2005
107
2.20
2.02
2006
109.1
1.96
2.08
2007
111.5
2.20
2.08
2008
114.1
2.33
2.27
2009
114.4
0.26
1.30
2010
116.5
1.84
1.05
2011
119.9
2.92
2.38
2012
121.7
1.50
2.21

2013 122.8 0.90 1.20
Add up all the values for annual inflation rate as ann. inf. rate in the third column to get the simple average for the annual inflation rate.
(5.21%+3.53%+1.68%+1.01%+1.17%+1.85%+1.59%+1.34%+1.37%+2.22%+2.60%+2.38%+2.52%+2.32%+2.02%+2.08%+2.08%+2.27%+1.30%+1.05%+2.38%+2.21%+1.20%)/23≈2.06%

ii) Compounded inflation rate between 1990 to 2013, the formula would take the form: ((CPI(2013)/CPI(1990)^1/23-1)*100, therefore, ((122.8/78.4)**(1/23)-1)*100≈1.97%

e) i) The formula is CPI(2013)=CPI(1990)*(1+0.05)**23
CPI(2013)=78.4*1.05**23≈240.81

ii) The formula is

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