National income accounting and canadian economy

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Reference no: EM1311489

1. Suppose you know that Canada's GDP in 1999 was $900 billion, and Canada's GDP in 1933 was $9 billion. What judgment about the change in the economic well-being of average Canadians could you make? Explain.

2. In the national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?

Reference no: EM1311489

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