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Components enhancing the real GDP of Canada:
2017 was one of the best years for the economy of Canada, when the economy has grew by 3% annual growth rate which is the fastest rate of growth during the last 6 years depicting the good performance of the Canadian economy (Abedi, 2018). Compared to this, during the years 2011 to 2016 it can be seen that the economic growth of Canada was approximately 1.4% portraying the poor performance ...
Figure 1: Equilibrium price and quantity
Source: Created by the Author
The equilibrium rental price is $1300
The equilibrium quantity of housing is 10,000
Figure 2: Imposition of price ceiling
Source: Created by the Author
The new quantity of housing demand is 15000.
The quantity of housing that landlords would be willing to supply 5000.
The excess quantity of housing demand is (15000-5000) =100...
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1.Component of Canada’s real GDP
The economy of Canada ended the last year with a strong annualized growth rate of 1.7 percent. Economic growth in the fourth quarter of 2017 was driven by a growth in business investment which grew by 2.3 percent (globalnews.ca, 2018). Components of real GDP that pulled up economic growth include household spending, business and inventory investment. Other supportive factors for Canada’s e...
In order to address different health issues arising from unhealthy food habits much concern is given on design of suitable health care policies. The traditional policies to improve dietary habit is to tax unhealthy foods and subsidizing healthy foods. Both the policies works through the price channel. The imposed tax raises price of the concerned good while the given subsidy reduces price of the good (Harding & Lovenh...
Apple Inc. is an international company whose headquarter is based in California. The company is a global operation that ships finished products and component around the world. Apple Inc sells its products to the small and medium sized businesses including learning institutes, mobile network service providers, governments, and retail outlets. Apple Inc. manufactures products in four lines which include computing har...
Please read the articles below. Then use economic theories/concepts discuss it by responding to the following questions.
Please use at least five references such as other articles, text, etc to support/justify your arguments. Please use question and answer format in this assignment.
Canadian economy grows at 3 per cent in 2017, fastest pace in 6 years
1. Which components of Canada's real GDP are increasing? Please explain. Show a ...
Supply, Demand and Government Policies: Price Ceilings
1. You have been given the following information about the housing market for two bedroom rental units in Vancouver:
Rent Quantity Demanded Quantity ...
What are the important key historic factors? For example, did the country recently receive independence or become a member of the World Trade Organization or something else? What is the current economy like? Is it going through some sort of economic crisis or recession? 3) Definitions Define each variable (Five listed above) and explain how they are determined. Explain why each variable is an important economic indicator and why these numbers are...
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