MGM101H5 Study Guide - Final Guide: Foreign Direct Investment, Comparative Advantage, Purchasing Power Parity
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MGM101H5 Full Course Notes
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Document Summary
The g7 consists of the united states, japan, In 2006, the g7 transitioned to the g7/8 with the inclusion of russia into its membership. Heads of the g7/8 countries meet at least once annually to discuss major economic, political, and societal issues challenging the global marketplace. Clothing, food, housing, and transportation would be examples of such expenditures: savings: dollars you set aside today that will support economic activity and wealth creation in/for the future. Placing money in an rrsp (registered retirement savings plan) or purchasing gics (guaranteed investment certificates) are examples. Your savings are then lent to others with the intent of stimulating their economic activity in the hopes of enhancing their wealth and private ownership levels: expenditures: the purchases you make in support of your day-to-day. Capital asset investments: investments you are making today to further expand your capacity to conduct and expand your productivity and overall economic capacity.
