BSM 100 Lecture Notes - Lecture 1: Baby Boomers, Gross Domestic Product, Government Spending
31 Oct 2017
School
Department
Course
Professor
Document Summary
When the us economic is in recession: employment increases, both consumers and businesses reduce their spending o . Us economy has tremendous effects on the canadian economy: o . The field of economics falls into two core categories: Macroeconomics employment rate, the gross domestic product, and taxation policies. Eurozone (greece, italy, spain, france, and the united kingdom): the area of greatest o concern. Predicted to experience a recession b/c demand for products within continent will decline o o . However, disadvantaged by lack of adequate infrastructure (roads, communications, etc. ) and inadequate education system (particularly for women) United states: experiencing a slow increase (but still impressive) o o . Canadian government (federal and provincial) have experienced deficits. Health care is a provincial responsibility, and the aging population will put continued pressure on provincial health care systems. Unless taxes are raised aging canadians will also constrain governments" revenue growth. Force businesses to seek productivity improvements (replace labour with capital)
