Textbook Notes (368,107)
Canada (161,650)
Economics (359)
ECON 102 (143)
Chapter 5

Ch. 5 GDP

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Department
Economics
Course
ECON 102
Professor
Soren Lemche
Semester
Winter

Description
cŦ¾¾¯ ¾ n9n ť, f¾°– -f °¾ ½ 9Ŵ¯f f € €°f¾–¾¾ n ¾½n °fn° °–f– °½ Ŵ¯¾ n¯¯°!f ¯ f¾ n°¯ ¾ ½ Ŵ– ¾°€¯f °° €°n¯ ° n°¯ " ¯° ¾!¯n¾ ¾nf°¾½ °# Ŵ9–! f ¯° ¾f €–! €½f ¯½ ¯ ° Ŵ ¾–° ½ n f$ ° $½ ° ¾"9–! f °€ °n ¾ ¾ # ,fIf Ŵf–– –f %f° ¾€€€ ° –¾¾ n ¾° ° °¯& Ŵ¾ ¯f ½n ¾½ ½ f & °!°– ½f " –Ŧ'½½¾f (' fn)&– ¾f (c fnŴƽ(+# Ŵ ¯ f¾ € ½&n¾ n ¾ţ¾ f ¾€°½ ¾¾ ½n ¯" –Ŧ½ff&# Ŵ ¾° °n f n°¯nfn " –Ŧf–n f½n °–°– !f¾€f¯ ¾!°¾ # °f¾n¾ ƹ °½n ¾€½n °½n ¾¾Ť¾ & n°¾¯ ţn° f¾½f €9" –Ŧ& f# º°¯f– ¾¾ n¾Ŵ¾ ½°½n °€€°f–¾¾ n ¾ţ° ½f €9" –Ŧ–f°# IfŴ¯f f €f½n /¾ n ¯°¾n¾ €° ¯ f –¾/½nf¾ °½ ¾ Ŵ¾¯€f f & f€¯¾°½n °½n ¾¾ƹf €€°f–/¾ n –Ŧ f½f Ŵ°–Ŵ –¯f ½n –¾¾ n ¾" –Ŧ€fn ţ¯fn° # Ŵ° ! ¯f nf½ f–¾f n° f¾€°f–¾" ¾ ! 9 f°°Ŵ€fn ½fn # 9 n°n °°–°½ Ŵ ¯¾n°9¯ f°¾f° °–¯f ! ° n° " °€n¯½f° !° & n° # Ŵ9° °n ¾!f !f¾¯f D12-f– °½ "Ŧ Ŧ°– f# –Ŧ'Ŵ fŴ¾ ¾€(33ţ333! 4Ʒn¯¯¾¾° f Ŵƽn° & ° 9¾° (4333 f "¯f f €¾ n #&/n ¾ !f¾° ¯f °– ¾ f cŦ'6$½ ° , €, f¾°–9 7¾ ¾€€°f–¾¾ n ¾ť¾ ¾ţ€¯¾ţ– °¯ ° ¾ţ€ –°¾ n Ŵf¯° ¾½ ° °–¾¾ n ¾¾ %f ¯f f ¾ Ŵnf°¯ f¾ 9& f°–f¯° ¾½ ° & 7¾ ¾"¯°¾¯° ¾½ ° °¯½ –¾/¾ n ¾# 7n¯½° ° ¾€ $½ ° ťn°¾¯½ °ţ½f Ŵ¾ n ° ¾ ¯ ° ţ–° ½nf¾ ¾ţ° $½ ¾ °¾ ¯½°Ŵ¾ ¾½ °°–°–¾/¾ n ¾ €ţn ¾ţ ° f°¯ ° f#f– ¾Ŵ°–Ŵ ţ nf¾€° "° !¾ ¾f ° # ¯Ŵf– ¾Ŵ ½nf ¾ °¯f° nnf¾°¾ţ f¾ f f¯ " –Ŧn ¾# n#- °Ŵf– ¾Ŵ¾ °n f¾ ¾¾ f°f f" –Ŧ€ţ–f¾ţ f °–€ # #8 n ¾Ŵ –Ŧfn ţ –f¾ n ¾ Ŵ½f f°¾€ ¾° n° " –Ŧ–°–f!f°n ţ¯° &# 9fŴ¾n°¾¯°Ŵ€¯¾¾½ °°–ţ¯f° °nf½ f–¾f°¾°– f#- °Ŵ¾°f¾n¾½¯°Ŵ° !nf½ f–¾" –Ŧ€€n ţ¯fn° ţ f$€ f$n¯½f° # ¾°f¾n¾Ŵ° !! °–¾" °€&– & f€f¯ # n#º° ° ° ¾¯°Ŵnf°– ¾°n¯½f° ° ° ¾Ť–¾¯f ţ& ° ¾ţ& f€¯n° f¾€ &– €¯ ¯¾ ¾" ¯f ¾ f–¾¯f f ¾# Ŵ° ° ° ¾ ¯ ° ¾Ŵ9 € ¾° $½ n °n f¾ °¾f ¾" €° $½ n n° # °¯°½ nf¾¾Ŵ& € fţ½°nfţf°¯°n½fŤ° °n –° f°¾€ ½f ¯ ° ¾" –Ŧ ¾nff¾¾¾ f°n ½f ¯ ° ¾ţf– ¾ n & ° € ¾ţ° ¾ ½f°½&n & Ŵ½f €–° &– # f-– °n°½°Ŵ€€n ¾½½ ¾ţ¾ n ¾€–° ¯½ ¾ţ¯ f fnf€ ¾ţ! f½°¾ °– ¾¾€nf½f€ ¯f °Ŵ° !¾ n ¾ %½¯ ° " –Ŧ¾ !f– ţf¾ţ f°¾½ fnf€ ¾# -½¾Ŵ $½ ¾"°n ¾¾ €€¾ ¾ ¾#¯°¾¯½ ¾"¾ €€! & ţ¯f f&f# Ŵ € n ¾ ¯f°€n° ¾–¾¾ n ¾& ¾ € ! cŦ)9¯ f¾ –2°n¯ ¾ Ŵ9¾ f€f&°n¯ nf½ f°n¯ :f&2°n¯ °n ¾ŧ ŦJf– ¾ţ¾ff ¾ţ¾½½ ¯ ° f f&°n¯ Ŵf– ¾ ¾°– n¯½° ° €°n¯ Ŵ¾½½ ¯ ° f °n¯ ƹ¯° f €€°– & ° € ¾" –Ŧ f & ° € ¾# f½ f°n¯ °n ¾ŧ 'Ŧ½f ½€ ¾"& € f$ ¾# Ŵ° f°°–¾€½f n½f °¾– °¯ ° ° ½¾ ¾ţ°n°– °¾ Ŵ¾°n ¾° ţ¯¾ ¾& fn nf½ fn°¾¯½ °f!f°n ¾ f½f °¾¯½ ° f°n¾Ŵfnn° °–€ ½ nf °€€$ nf½ f¾ °½n ° Ŵ¯f©€€ °n & !°9f°-9 )Ŧ- €f¯f°¾¯f"°°n½f #&¾° ¾¾°n¯ Ŵ°n ¾¯¾ ° f°n¯ Ť ¾¾f¾½f €f&°n¯ 7Ŧ2° ¾ f°¯¾nŦ° ¾ ¯ ° °n¯ Ŵ¯¾ ¾& fn ° ° ¾ ¯ ° °n¯ €¯f&ff°° ¾ °½&n & cŦ@f$ ¾¯°¾¾&¾ ¾°€fn ¾€½n ° ŴfŴc – - ¯ ¾ n9n Ŵ – ¾¾¯ ¾ n9n ţf&fnťnf½ fn°¾¯½ °f!f°n ¾ f$ ¾¯°¾¾&¾ ¾° ½n ¾¾ f ¾ nf¾n ½f°n cŦ7-¯°f9¾Ŧ1 f9 Ŵ9¾ € n¯½f n°¯nfn €€€½fn ¾°" –Ŧf
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