Discussion on national income accounting also Canadian economy
1. Suppose you know which Canada's GDP in 1999 was $900 billion also Canada's GDP in 1933 was $9 billion. Illustrate what judgment about the change in the economic well-being of average Canadians could you make? Elucidate.
2. In the national income accounting identity describe how the equality between national saving also investment, Illustrate what is the representation of private saving also Illustrate what is the representation of public saving?