Pick any country*, other than Canada, and then use the internet to find and report the following information about economic institutions and indicators. You do not need to follow formal guidelines for citations or references for the data you’ve used but please indicate where you’ve obtained it from and provide a link. Limit yourself to the following sources:• The website for the national statistical agency, national government, or central bank• Websites for large economic organizations such as the OECD, IMF, World Bank, or UN• Trading Economics (tradingeconomics.com) which is an aggregator of economic indicatorsDO NOT use general media/news sources to collect economic statistics as they may be unreliable or misrepresented.*Note: If you’re an international student or recent immigrant, I encourage you to choose your home country, but you may choose a different country if you wish.–1. What country did you choose? Why?2. Tell me the name of the national statistical agency responsible for gathering/analyzing economic statistics and making them publicly available.3. Report the nominal GDP from the first quarter this year and last year (2019 Q1 and 2020 Q1).4. Draw 3 graphs (1 for each of the following) to show – try to find seasonally adjusted series: • The amounts of employment for the first 4 months of this year (January, February, March, and April 2020)• The amounts of unemployment for the first 4 months of this year (January, February, March, and April 2020)• The unemployment rates for the first 4 months of this year (January, February, March, and April 2020)*If data for May is available, include it as well.5. Report the rate of inflation for consumer prices over the past year – use year-over-year data for either the first quarter (2019 Q1 to 2020 Q1) or first month (Jan 2019 to Jan 2020) rates. If you’re able to access more recent data, include that as well.6. Tell me the name of the central bank responsible for managing the nation’s money supply/inflation rate.7. Report the central bank’s current benchmark/policy rate (i.e. current as of June 2020). Tell me the name of the rate and the numerical value.8. When you look at the graphs you constructed for question 4 to show how the nation’s labour statistics are changing, what stands out to you the most? Explain the cause of the pattern(s) you identified.9. Statistics for the second (April – June) and third (July – September) quarters of GDP are generally not yet available, for obvious reasons. What do you predict will happen to the level of GDP in the coming quarters? Explain.
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