GEOG 2RC3 Lecture Notes - Lecture 5: Median Income, North American Free Trade Agreement, Knowledge Economy

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Smallest economy of g8 countries (us, japan, uk, germany, france, italy, russia and. Canada/us each other"s largest trading partner (78. 9% of canada"s exports in 2007 destined for us) See thickening of the border (bone, pp. Evolution of an economy/society from pre-industrial to post-industrial features: decrease in primary sector employment (fishing, foresting, mining and agriculture, increase, then decrease in secondary sector employment, increase in tertiary sector employment (provision of services) Gross domestic product (gdp): a measure of the value of goods and services produced by the domestic economy. From 2006 census: primary sector: 6. 2% of gdp, secondary sector: 17. 3% of gdp, tertiary sector: 76. 5% of gdp. Economic region: a geographic area characterized by distinct economic activities, for example, industrial region; agricultural region. See table 1. 5 (p. 20) economic structure of canada"s six geographic regions, 2006 . Regional disparities: long-term, chronic differences between regions as measured by objective indicators of well-being (income, employment etc. ) for example atlantic.

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