Calculate gross domestic product

Reference no: EM133469415

Questions:

1. Explain the formula used to calculate Gross Domestic Product (GDP)

2. Summarize the consumer expenditures portion of the GDP calculation andprovide 2 explains of purchases you've recently bought that would fall under thiscategory.

Macroeconomic School of Thought

1. Summarize and explain the difference between the classical view and Keynesian view of economics.

2. Explain the connection of both views towards the Aggregate Supply (AS)and Aggregate Demand (AD model).

Fiscal Policy

1. Summarize the economic definition of fiscal policy and explain how budgetmaking is connected to it.

2. Provide a brief reflection on how you feel the government of Canada'soverall fiscal policy is? For example, do you think it's good or bad?

Reference no: EM133469415

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