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Broadly speaking, the economy consists of households, firms, government, and financial institutions. Name two parts, areas, or types of government that can have influence over the economy.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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What is the market for factors of production?

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  2. What is the money market?

    1. The money market is where households, firms, and the government may save and/or invest their money to earn interests. Money market includes banks, stock market, bonds market, and other financial institutions where economic actors can buy and sell financial assets to earn interests and/or dividends.

  3. Who are the three economic actors in the circular flow model?

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  4. How is the national income of an economy determined?

    1. The national income of an economy is determined by measuring the total value of the output produced in an economy or the total income earned by the actors in the economy. In a circular flow model, we can see that the value of total output produced should equal the total value of income generated and earned in the economy. This is because every dollar spent by someone in the economy is received by another person in the economy as income.

  5. What is GDP?

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c. the control that large firms have over the economy

d. government regulations without which the economy would be less efficient 

What have been the implications of the strong growth in house prices for Canadian households and the financial system?

The Government is concerned with promoting the stability of the Canadian housing market, financial system, and economy over the long-term. What policies, if any, could the government pursue to promote these goals? The essay should include policy initiatives or ideas that the government could contemplate, with pros and cons associated with each option. What would you recommend and why?

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