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Assignments | Macroeconomics

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Added on  2021-04-17

Assignments | Macroeconomics

   Added on 2021-04-17

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Running Head: MACROECONOMICSMacroeconomicsName of the StudentName of the UniversityAuthor note
Assignments | Macroeconomics_1
MACROECONOMICS1Table of ContentsArticle Summary........................................................................................................................2Economic concept......................................................................................................................2Economic Analysis.....................................................................................................................3Gross Domestic Product.........................................................................................................3GDP growth...........................................................................................................................3Actual and Potential GDP......................................................................................................4Personal Connection...................................................................................................................5Economic way of thinking.........................................................................................................6Connection to big economic question........................................................................................6Reference list..............................................................................................................................7
Assignments | Macroeconomics_2
MACROECONOMICS2Article SummaryThe statistics Canada has reported that in December GDP of Canada grew at a rate of1.7 percent as opposed to the expected growth rate of 2 per cent (bnn.ca, 2018). The higher gains from housing market driven Canada’s GDP to a higher level. Thegain from housing market helped to counteract the decline in manufacturing andconstruction.Last year, GDP was accounted a growth rate of 0.3 percent. This was the fastestgrowth rate since 2011.In the fourth quarter, export has recovered recording an annual gain of 3 percent. Theexport has regained after a recording a decline in the third quarter. Despite growthrecovery in the export sector, the external sector has continued to impose a drag onthe economy’s GDP with a higher share of import (bnn.ca, 2018)..Household spending has slowed down. This is due to a higher rate of householdsaving. In the fourth quarter, the household saving rate rose to 4.2 percent from anearlier rate of 4% in third quarter.Business has continued to add inventories in the economy. However, inventory hasdeclined slightly as compared to last quarter. The drag in inventory investment hasreduced GDP growth by 0.7%. An acceleration has been observed in non-residential business investment, whichgrew by 8.2 percent in fourth quarter.Economic conceptThe article concerns with GDP of Canada and corresponding growth rate in GDP. Therelevant macroeconomics concepts that needs to be evaluated are GDP, different components
Assignments | Macroeconomics_3

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