Table of Contents
How does Canada compare to the United States?
Canada has a larger land mass than the United States. The land area of Canada is 3, 855, 103 square miles compared to America’s 3, 794, 083, making Canada 1.6% larger that the States. Canadians have a higher life expectancy at 81.2 years while Americans have a life expectancy of 78.1 years.
What is the GDP of Canada vs USA?
While both countries are in the list of top ten economies in the world in 2018, the US is the largest economy in the world, with US$20.4 trillion, with Canada ranking tenth at US$1.8 trillion.
What are indicators of inflation?
whole sale price index, producers price index, food price index and gross domestic product (GDP) deflator. All these indicators measures inflation rate, the broadest being the GDP deflator. time in the general level of prices of goods and services that a reference population acquires, uses or pays for consumption.
Why is Canada’s unemployment rate higher than the US?
Unemployment has risen more because more labour was replaced by technology in Canada than in the United States and because of differences in institutions and govern- ment policies in the two countries.
Why is Canada’s GDP so high?
Canada is a highly developed nation with one of the largest economies in the world, impacting much of global trade. A large portion of its GDP comes from international trade, with its largest trading partners being the U.S., China, and the U.K.
What is the unemployment rate in Canada?
6.7 per cent
A quick look at Canada’s October employment (numbers from the previous month in brackets): Unemployment rate: 6.7 per cent (6.9) Employment rate: 61.0 per cent (60.9) Participation rate: 65.3 per cent (65.5)
What are the 3 different types of indicators?
There are three types of economic indicators: leading, lagging and coincident. Leading indicators point to future changes in the economy. They are extremely useful for short-term predictions of economic developments because they usually change before the economy changes.
How are inflation, unemployment and economic growth related?
Economic growth, inflation, and unemployment are the big macroeconomic issues of our time. Inflation and unemployment are closely related, at least in the short-run.
What are the three most important economic indicators?
Of all the economic indicators, the three most significant for the overall stock market are inflation, gross domestic product (GDP), and labor market data.
Since a Phillips Curve for a specific economy would show an explicit level of inflation for a specific rate of unemployment and vice versa, it should be possible to aim for a balance between desired levels of inflation and unemployment.
How are inflation and unemployment related in the short run?
The short-run Phillips curve includes expected inflation as a determinant of the current rate of inflation and hence is known by the formidable moniker “expectations-augmented Phillips Curve.” 10 The natural rate of unemployment is not a static number but changes over time due to the influence of a number of factors.