Macroeconomic analysis assignment

Added on - 24 Apr 2021

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Running head: MACROECONOMICSMacroeconomic analysis of GDP growth rate of CanadaName of the Student:Name of the University:Author note:
1MACROECONOMICSTable of ContentsChosen news article.........................................................................................................................2Summary of the news article...........................................................................................................2Identification of the macroeconomic concept..................................................................................2Analysis of the economic concepts..................................................................................................3Personal connection with the topic..................................................................................................5Linking with the Economic Way of Thinking.................................................................................5Linking to Two Big Economic Questions.......................................................................................6References........................................................................................................................................8
2MACROECONOMICSChosen news articleFading Consumers Make Canada's GDP Slowdown Worse Than Expected” by TheophilosArgitis, published in Bloomberg, Canada on March 2, 2018.Summary of the news articleEconomy of Canada slowed down unexpectedly in the second half of 2017, with a GDPgrowth rate of 1.6% in the second half, compared to 4.2% in the first half.The gap between the GDP of the USA and Canada was largest in the second half of 2017.The household sector cut down on the spending, leading to the fall in growth.The housing market gains helped the Canadian GDP to compensate the fall in the GDPdue to a fall in manufacturing and constructionFall in the household spending affected the consumption and GDP growth and led tohigher saving rate, 4.2% in the fourth quarter compared to 4% in the third quarter.Non-residential business investment accelerated in fourth quarter up to 8.2% on a yearlybasis.The growth rate improved by 0.1% in the fourth quarter of 2017 due to slightly improvedresidential spending on the consumer goods leading to a better condition at 3.9% growth.Identification of the macroeconomic conceptThe article focuses on the impact of household spending on the growth of GDP oreconomic growth of the nation and reduction in the addition of inventories by the retail andconsumer goods businesses that led a to fall in the economic growth by 0.7%.
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