ECO 1102 Lecture Notes - Lecture 1: National Accounts, Barometer, Great Moderation

• School: University of Ottawa
• Department: Economics
• Course: ECO 1102
• Professor: David Gray

Document Summary

Do questions at the end of the section in textbook! Lecture 1: descriptive information on the canadian macroeconomy. Unemployment rate: 5. 6% in november 2018, own from a peak of 8. 7% in mid-2009. Relative to the working age population, more people are employed than in the usa as well as most other industrialized countries, despite the fact that their official unemployment rate is 3. 7% Slightly more than the consumer price inflation rate. Generating an increase in pay in real terms. Level of gdp is about 2 trillion $ per year. $ a little above 1. 8 trillion at 2007 prices. Labour market is performing well and consumer price inflation is economically healthy (desirable) Measured on a monthly basis in a report called the national accounts. Real gdp growth: = 2. 2% from october of 2017 to october of 2018. Nominal gdp adjusted for effects of inflation.