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Economics - Coggle Diagram

- - - - i = [(current cpi-previous cpi)/previous cpi] x 100
- - - - what everyone (people, businesses, governements) spends on + exports - imports
    - - adding up what everyone earns (wages, business profits, rents, interests)
    - - total outputs - production expenditure = value added by a sector or company to the gdp
  - - - value of goods/services @ current prices
    - - value of goods/services @ constant prices , removes inflation so real growth is seen
- - - - current acc
        
        tracks trade of goods/services, net transfers, foreign aid
      - captial & financial acc
        
        tracks foreign investments (others investing in canada or canadians investing abroad)
- - - - more demand = high rates
      - less demands = low rates
    - - high probability of not repaying = high premiums
    - - foreign rates up = more cad flows out = high rates
    - - if banks can control inflation = rates low
    - - rise expected in inflation = high rates
- - - - increase in real GDP
    - - decrease in real GDP, contraction for 2 cons quarters = recession
    - - economy slows down, demand more than supply
    - - lowest point in eco, business recover, stock rises, consumers spend more
    - - gdp back to previous peak, business fulfill demand, no hiring
- - - - people working or looking for work
      - pr = (labour force/working age popu)x100
      - labour force = working + looking for work
      - working age popu = age 15 to 65
    - - dont have jobs but are looking
      - ur = (not working but looking/labour force)x100
      - unemployment never 0; can be lowest; structural + frictional unemployment always exists = natural unemployment rate
  - - - eco weak = loose jobs
      - eco strong = people get jobs
    - - certain jobs for certain times of year
    - - normal 'in-between' jobs types (recently laid off, graduated, or switching jobs)
    - - mismatch between workers & jobs (due to lesser pay, wrong skills, wrong location)