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Introduction to Macroeconomics
Defining Macroeconomics ,[object Object],[object Object],[object Object],[object Object],[object Object]
Gross Domestic Product ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Expenditure Approach ,[object Object],[object Object],[object Object],[object Object],GDP = C + G + I + (X – M)
GNP – Gross National Product ,[object Object],[object Object]
Economic Growth ,[object Object],[object Object],Real GDP Growth Rate = (real GDP year 2 – real GDP year 1) real GDP year 1 x 100
Current Canadian Statistics
Drawbacks to GDP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Unemployment Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Calculating the Unemployment Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],Unemployment Rate = Number unemployed Labour force x 100
Full Employment ,[object Object],[object Object],[object Object],[object Object]
Other Types of Unemployment ,[object Object],[object Object]
Variations in the Unemployment Rate ,[object Object],[object Object]
Consumer Price Index ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Calculating and Using the CPI ,[object Object],[object Object],Inflation rate =  CPI  year 2 – CPI year 1 CPI year 1 x 100
Limitations of CPI ,[object Object],[object Object],[object Object]
Real GDP ,[object Object],[object Object],[object Object],[object Object]

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Introduction To Macroeconomics