Economics Assignment USA 2022

Running head: ECONOMICS ASSIGNMENT
Economics Assignment
Name of the Student
Name of the University
Author Note

ECONOMICS ASSIGNMENT
1
Table of Contents
Answer 1..........................................................................................................................................2
Answer 2..........................................................................................................................................3
Answer 3..........................................................................................................................................3
Answer 4..........................................................................................................................................4
References........................................................................................................................................5

ECONOMICS ASSIGNMENT
2
Answer 1
Figure 1: Real GDP growth trend in Canada (2007 – 2018)
Source: (Ceicdata.com, 2019)
The figure 1 states that the real GDP growth has exhibited a strong annual growth rate of
1.7% compared to 1.6% in 2016. Instead of volatile situation in the international market due to
NAFTA agreement with the USA, the strong performance of real GDP asserts the stability in the
economic growth (Globalnews.ca, 2019). According to the researchers, enhancement in the
household expenditure, inventory production and business investment have acted as a driving
force of this improvement in the real GDP growth. Real GDP growth is considered as the most
appropriate determinant of standard of living as this indicator does not consider the impact of the
inflation rate.