Download file to see previous pages...
Canada has experienced a decreasing interest rates and a relative increase in the GDP over the last decades. This has led to increase in the consumption expenditure and a rise in the investments as shown by the statistics by growth in the economy (Roberts, 2005).The adjustments have contributed positively to the economy as it resulted in the expansion of various sectors hence high GDP.
Introducing insurance will reduce the employees’ salaries that will eventually lower their income. This will reduce the level of consumption and investments in the economy under the business cycle leading to a recession. As a result, there is decrease in the production of goods and services in the economy reducing the GDP (Roberts, 2005). This will affects the economy in the long run as majority of the population may be rendered jobless leading to a rise in the unemployment’s rates due to the decreased output levels of the industries.
Low interest rates have been maintained over the past but have only resulted in low economic growths. This has been attributed by the decrease in the domestic demands by individual countries as a result of the low activities by the private sectors as low rates discourages investments (Roberts, 2005).Various countries also experience high depts. hence despite the expansionary measures most of their resources are allocated to settling deficits as a result of the world economic recession leading to low growths.
Free trade is opposed since it results into the collapse of the local industries and less producing nations becoming dumpsites resulting in increase in the unemployment rate. However free trade leads to competition that results into quality and relatively cheaper commodities for the population, corporation of the countries, removes trade barriers that leads to more disposable income for the consumers while
...Download file to see next pagesRead More
This type of assumed Gross Domestic Product is often referred to as potential gross domestic product and is often presented in budget statements (Thoma, 2012). It has however not always turned out that the potential gross domestic product values are achieved.
The rate of unemployment in Germany has been around 5.4 percent by end of 2012. This is because the demand for labour is a derived demand and the low demand for German products from its 17 Euro countries. This is because of crisis in other parts of German markets such as Cyprus.
To illustrate these concepts, this paper selectively, discusses the case study of UK national unemployment rate, causes and effects of inflation on the country economy. Unemployment According to the trading economic website, tradingeconomics.com, unemployment rate in the United Kingdom remained unchanged at 7.70 percent in August of 2013 from 7.70 percent in July of 2013.
ly adopted in Europe, most nations adopted some of this advanced technologies so as to be able to cater for their growing populations ( Jaggi & the Malthusian theory of population 1985). Besides industrial revolution their has been agricultural revolution which includes use of
I would adopt so that together with ht head of Production we can go back to the drawing board and discuss the feasibility of the whole project in view of the damaged machinery. Investing in another country can be an expensive venture with a lot which has to be taken into
These pose great dangers not only to the economy but also to the social and political world. Unemployment is an important issue of macroeconomic issue. This is where majority of the people in a country have no jobs. Unemployment could either be voluntarily or
This is an improvement from the 1.7 % in the previous year. The IMF said that the state had room for improvement, since it was on track on meeting its target of ensuring balanced books by 2015-the same year for the scheduled federal elections. The IMF further argued
However, at this price, the total market demand is 15 gallons per day. There would be a market shortage of 15-12 = 3 gallons per day.
The fourth of July fireworks might be considered a public good since no one can be
It is even noted that inflation as well as deflation affects the overall economy of a nation and leads to adverse situations for a country. The increase and decrease of the value of money leads to adverse situations and has a huge