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Textbook Notes for Peter Landstreet

YORKECON 1010Peter LandstreetWinter

ECON 1010 Chapter Notes - Chapter 20: Political Freedom, Environmental Quality, Potential Output

OC2243374 Page
22 Jan 2016
27
Gdp- gross domestic product: is the market value of the final goods and services produced within a country in a given time period. Market value- prices
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YORKECON 1010Peter LandstreetWinter

ECON 1010 Chapter Notes - Chapter 21: Unending, Labour Force Survey, Structural Unemployment

OC2243375 Page
22 Jan 2016
27
Not everyone who wants a job can find one. Lost income and production: frightening prospect for everyone- unemployment benefits create a safety net but
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YORKECON 1010Peter LandstreetWinter

ECON 1010 Chapter Notes - Chapter 22: Capital Good, Human Capital, Physical Capital

OC2243377 Page
22 Jan 2016
24
It is the sustained expansion of production possibilities measured as the increase in real gdp over a given period. Economic growth rate: is the annual
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YORKECON 1010Peter LandstreetWinter

ECON 1010 Chapter Notes - Chapter 0: Financial Institution, Physical Capital

OC2243374 Page
22 Jan 2016
10
The quantity of capital changes because of investment and depreciation. Investment increases the quantity of capital and depreciation decreases it inve
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