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2.1 The measurement of macroeconomic performance

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Question 22

Extract B: Canada macroeconomic policy indicators, 2012 to 2019

YearUnemployment rate (%)Economic growth (% change in real GDP)Inflation rate (%) (CPI)Current account balance (% of GDP)
20127.31.81.5-3.0
20137.12.30.9-2.8
20146.92.91.9-2.3
20156.90.71.1-3.1
20167.01.01.6-3.2
20176.33.21.6-2.8
20185.82.42.3-2.4
20195.71.91.9-2.0

Using Extract B, identify two significant points of comparison between the unemployment rate and the inflation rate in Canada over the period 2012 to 2019.

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2.1 The measurement of macroeconomic performance Questions

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  3. /2.1 The measurement of macroeconomic performance