Canadian real GDP unexpectedly accelerated to a 4.5 percent pace in the second quarter of 2017. This
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Canadian real GDP unexpectedly accelerated to a 4.5 percent pace in the second quarter of 2017. This faster-than-expected growth was the fastest among Group of Seven countries. It was led by the biggest rise in household spending since before the 2008–2009 global recession.
a. How would an unexpected increase in the economic growth rate influence federal government outlays?
b. How would an unexpected increase in the economic growth rate influence federal government revenues?
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