Go to the Statistics Canada website (www.statcan. gc.ca) and find “National Economic Accounts.” Opening that link takes you to another link on Gross Domestic Product. There you will find data on the value of Gross Domestic Product (a measure of total output), Exports of Goods and Services, and Imports of Goods and Services for the latest year. Now open the link on “Government Financial Statistics.” There you will find data on federal government net financial debt (how much the government owes).
a. Calculate the ratio of exports to GDP, the ratio of imports to GDP, and the ratio of the trade balance to GDP for the most recent year data are available.
b. Calculate the ratio of federal government net financial debt to GDP for the most recent year data are available.
