Problem 1. One of the most variable componetns of consumer spending from year to to year is spending on durable goods, especially new automobiles. Why do you think this is so?
Problem 2. What do the statistics on (web address) indicate about the direction of the economy after 2000 for:
a) Money GDP and Real GDP (https://www40.statcan.ca/l01/cst01/econ05.htm)
b) The level and the Rate of Increase of the Consumer Price Index (https://www40.statcan.ca/l01/cst01/econ09a.htm)
c) Employment Statistics (#unemployed = 1 278 000 divide by # in labour force = 16 689 000 = 7.7% rate of unemployment
d) Unemployment Rate (https://www40.statcan.ca/l01/cst01/econ10.htm)
What seems to be the causes of these trends?