Question

Read chapter 6 and Prepare a two-page report on:

• What was the percentage of consumption, investment, government expenditure exports and imports in the GDP of Canada in last two years (2018 and 2019)?
• comparative analysis of the change in percentage of expenditure on consumption, investment, government expenditure exports and imports between 2018 and 2019.
• What factors were responsible for this change?

please make a report on these questions with suitable examples

Answer 1

Canadian economy is highly developed. Foreign trade accounts for 45%on GDP.Household consumption accounted for 58%of GDP.Government expenditure accounted for 19%of GDP .All shows a 2.1 %economic growth in canada .

The economy of Canada is a developed market economy.It has the 10th largest GDP in the world.In 2018 Canada's trade in goods and services was 1.5 trillion. Canada's exports and imports ranked 8th among all nations in 2018.The Canadian economy has grown by 2%in 2018 and 2019.Household consumption has increased. Exports accounted for32% while imports accounted to 33% .Investment and exports increases in 2019 .Exports have increased by 2%.As for eg with GDP exceeding $1.6 trillion Canada is a wealthy country.

Canadian jobs increased by 219,000 jobs in 2019. Jobs have increased which is good for consumer spending.Technological change is transforming Canada's business.Increasing exports,increase in employment as well as increased investment ensures that Canada's economic expansion will be very good in 2019.