Explain why there is a difference between these two countries.
Answer the each of the following questions three in no more than two paragraphs PER QUESTION.Each question is graded out of 10. You will be required to do some reading and research on the interest to answer these questions, so please do not leave it until the last minute.**DO NOT COPY AND PASTE ANSWERS FROM ANY SOURCE, ALL ANSWERS COPIED WILL BE INVALIDATED (a maximum of 10% non-original work will be accepted in the originality report).Questions1. In Canada, the natural rate of unemployment is 6 percent, while in the US it is only 4 percent. Explain why there is a difference between these two countries. How does a country determine it’s natural rate of unemployment?2. Looking on the Statistics Canada Website find the data pertaining to the consumer price index. What is the base year that Stats Can is currently using? Why are they using this year? Are there any plans to change this?3. What has the Bank of Canada targeted as an acceptable level of inflation in Canada? By researching on the internet and the Bank of Canada’s website, determine whether the Bank has been successful achieving this target and for how has that success lasted?
