trade disputes in america

1. Using data from Statistics Canada, discuss the performance

of the Canadian economy from the period 1992 to 2002. What

has happened to the Standard of living in Canada during

this same period?

Answer:

To address the in economy Canada you must define the areas to be measured. Economic expansion occurs when the economy is growing and people are spending money. In order to be doing this, there must be money to be made. Therefore there must be some kind of workforce to employ the people in order to make the money to be spent. Conversely the opposite happens during a recession when the economy slows down. Business at this time is not able to sell as many products. They then increase layoffs, which will slow down the economy and see a decline in productivity and spending of consumers.
As a starting point to address this question, the fist point addressed will be the unemployment rate. This rate is defined as the condition in which a population wants t...