How can we measure our nations economic

Question

Write an essay on any one of the following topics -about 2000 words

1. What do you think should be the 3 major macroeconomic goals of an economy? What policy mix helps government attain these goals?

2. How can we measure our nation's economic performance? What are the two different approaches? What factors make it difficult to calculate GDP accurately? How does GDP fail to measure economic welfare accurately?

3. Trace Canada's GDP over the past 40 years. Which years did Canada experience recessions? Categorise the recessions as short lived or prolonged. What were the causes for this difference? What policies did the country generally follow under these circumstances?

4. Compared to the United States, Canada's unemployment rate has generally been higher than that of the U.S. High light the reasons for this. What remedial actions can be taken to reverse this trend.

5. Trace the relationship between the US dollar and the Canadian dollar. What are the major factors that determine this relationship. Focus on the past 18 months when answering this question

Answer 1

In around 2000 words, you have to write essay on the following each and every topic by using Times New Roman font, size 12, having margin of 1.5 inch from all sides and the papers must follow the APA instructions. Q1. What do you think must be the three main macroeconomic goals of the economy? Determine the policy mix which helps government accomplish such goals? Q2. Explain how can we measure our nation's economic performance? Determine the two various approach? What factors make it hard to compute GDP precisely? Explain how does GDP fail to evaluate economic welfare precisely? Q3. Outline the Canada's GDP over the past 40 years. In which year did Canada experience the recessions? Categorize the recessions as short lived or extended. What were the main reasons for this difference? What policies did the country usually follow under such conditions?