Use the appropriate graph—time-series, cross-sectional, or scatter diagram—to illustrate the economic data provided in each part below.a. The Canadian-dollar price of one U.S. dollar (the “exchange rate”) in 2017:January1.319July1.269February1.311August1.261March1.339September1.228April1.344October1.261May1.361November1.277June1.330December1.277b. A comparison of average household expenditures across provinces in 2016:British Columbia$85 845Alberta106 514Saskatchewan89 354Manitoba79 633Ontario88 953Quebec70 853New Brunswick67 933Nova Scotia73 879Prince Edward Island68 278Newfoundland and Labrador79 831c. Per capita growth rates of real GDP and investment rates for various countries, averaged over the period 1950– 2009:CountryAverage GrowthRate (% per year)AverageInvestment Rate(% of GDP)Canada2.018.2Austria3.122.0Japan4.026.6United States1.918.1United Kingdom2.014.5Spain3.423.0Norway2.827.4South Korea5.127.2Iceland2.728.0
Use the appropriate graph—time-series, cross-sectional, or scatter diagram—to illustrate the economic data provided in each part below.a. The”
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