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Canada's Economy In 1996
Start of Term Paper
To investigate the state of the Canadian economy, it is very useful to
track Canada's six major economic goals: economic growth, economic stability,
economic efficiency, economic equity, viable balance of payments, and low
unemployment. At a g .... Middle of Term Paper ... a true
recession because there was a 3.0% growth in the third quarter, compared to
2.2% in the second quarter. Eventhough it is not true recession, the slow
growth is a sure sign of a slight one. Low inflation is also is also prevalent
and is symptomatic of a weak economy. A low inflation rate of 1.4% in November
1996 does not provide much of an indication for economic growth and expansion.
A shrinking positive balance of payments indicates these are tough economic
times. A fourth indication of a slight recession is the high unemployment rate.
An unemployment rate of 10.0% in November 1996 is definitely not a sign of
strong economic r ... |
| Number of Words: 1352 |
Approximate Pages: 5 |
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