ECO 1102 Lecture 7: ECO 1102 - Lecture 7
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8 Mar 2017
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ECO 1102 Full Course Notes
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Y / time) is the rate of change of y. This is not a percentage, and has the same units as y. ( y / y) / ( time) is the growth rate of y. This is a percentage, and has no units. Describe current macroeconomic conditions slow modest but positive underlying growth (means growth in real gdp) midterm question. See article #16 for chapter 6 canadian economic growth. Real interest rate = nominal interest rate - inflation rate. Note that all financial intermediaries make their living on this spread. Living standards measured by real gdp per capita. Canada is slightly richer than most of europe, including the uk, but at least 19% poorer than the usa. These numbers in table 7. 1 are somewhat misleading as they are based on market exchange rates in 2010. Interest rate spread rate that banks receive minus cost of those funds (what they pay to their savings) (2% today)