What do you think should be the 3 major macroeconomic goals of an economy? What policy mix helps government attain these goals? 2. How can we measure our nation’s economic performance? What are the two different approaches? What factors make it diff

Write an essay on any one of the following topics –about 800-850 words

1.      What do you think should be the 3 major macroeconomic goals of an economy? What policy mix  helps government attain these goals?

2.      How can we measure our nation’s economic performance? What are the two different approaches? What factors make it difficult to calculate GDP accurately? How does GDP fail to measure economic welfare accurately?

3.      Trace Canada’s GDP over the past 40 years. Which years did Canada experience recessions? Categorise the recessions as short lived or prolonged. What were the causes for this difference? What policies did the country generally follow under these circumstances?

4.      Compared to the United States, Canada’s unemployment rate has generally been higher than that of the U.S. High light the reasons for this. What remedial actions can be taken to reverse this trend.

5.      Trace the relationship between the US dollar and the Canadian dollar. What are the major factors that determine this relationship. Focus on the past 18 months when answering this question