ECN 204 Lecture 1:
22 Jan 2019
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Document Summary
Canada real gdp increasing q 1 is year. Canada real gdp cycle cmore dips and bullish. Measure the value of final goodsand services in a countries border. To calculate real gdp we have to learn how nominal gdp is calculated. Total dollar valve of goods and services produced within the border. Occurs when a person cannot find a job when they are looking for one. An increase in the overall level of price. Can cause a decrease in standard of living. Surprise jump in inflation reduces the purchasing power of people"s savings. Help clarify government economic policies severe recessions are ones we want use policies like were re to avoid. Balance between inflation and unemployment is figured by central bankers collected economic growth from rose to todays date. Savings are the accumulation of funds that rents when people in an economy spend less than their incomes.
