Canada Macroeconomics. GDP GDP stands for the gross domestic product. This is the number for how much percentage of economic growth has happen in a specific.

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Presentation transcript:

Canada Macroeconomics

GDP GDP stands for the gross domestic product. This is the number for how much percentage of economic growth has happen in a specific year. The GDP in 2008 for Canada was.6%. This is a good increase because the population increase is too much either.

Unemployment The unemployment rate for Canada is 6.1%. This is very good because they will always be unemployment. Natural rate of unemployment is never 0.

Budget Canada in 2008 had a greater total revenue than their expenditure. They collected billion and only spent 606 billion.

Inflation Inflation is the average increase in price of all products in an economy in one year. In 2008 the inflation rate for Canada was one percent.

Conclusion Canada economically is very well off. They are making progress because the economic growth rate is higher than birth rate. Unemployment is not too high and money is some what distributed fairly.