Description: The Financial Post took an interesting approach to February 29 this year, slowing things down a bit to reflect on what happens during one day in the Canadian economy. Among the fascinating facts listed is that 4,240,584 barrels of oil are taken from the earth while at the same time 63.7 carats of diamonds are mined up in the Northwest Territories. Meanwhile, on the ocean hard work results in a harvest of 266,800 kilograms of lobster.
Date: February 28, 2020
1) What did you do on this “extra” day? If you were working, how does what you made compare to the average wage of $207.12?
2) Which of the statistics in the article surprised you the most? Why?
3) On page 173 of Wiley’s Understanding Financial Accounting we see a vignette about Cineplex. What would be the average amount of movie tickets sold in Canada on the average day?