Question
6) Canada's real GDP in November 2020 was $1,934,643,000 and $1,990,238,000 in November 2019. Canada's population was 37,593,384 in 2019 and 38,005,238 in 2020. Complete
6) Canada's real GDP in November 2020 was $1,934,643,000 and $1,990,238,000 in November 2019. Canada's population was 37,593,384 in 2019 and 38,005,238 in 2020. Complete the questions below, fully showing your calculations.
- What is the growth rate of real GDP?
- What is the growth rate of real GDP per person?
- Explain what is happening to the Standard of Living in Canada
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
