Henry Quillin Canada Blog

Canada Real GDP per hour worked  2000-2020  (2015 USD $) https://data.oecd.org/lprdty/gdp-per-hour-worked.htm  I would argue that the trends in Canada's real GDP per hour worked suggest a shift to the right in its long-run aggregate supply curve. As shown in the graph, Canada's Real GDP per hour worked has been steadily increasing since 2000. This means that its productive potential has increased - causing a shift to the right in the LRAS. In other words, the productive capacity of Canada's economy has been increasing over time.   Canada Real GDP per person employed  2000-2020  (constant 2017 PPP USD $ )  OECD (2021), GDP per hour worked (indicator). DOI: 10.1787/1439e590-en (Accessed on 26 April 2021) https://data.oecd.org/lprdty/gdp-per-hour-worked.html Similar to the previous graph, this data suggests that Canada's long-run aggregate supply has increased since 2000.  This graph shows that Canada has experienced an improvement in the q...

  Real GDP - 1980 - 2019(current US $) Source :  https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2019&locations=CA&start=1980  Real GDP per capita 1980 - 2019 (Current US $) Notes: GDP per capita and real GDP are very similar.  source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2019&locations=CA&start=1980  Real GDP growth per year  1980 - 2019(current US $) Source:  https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&locations=CA&start=1980  Unemployment Rate  1980 - 2019(% of total labor force ) Notes: Unemployment most likely shot up in 2019 because of COVID 19 source: https://data.worldbank.org/indicator/SL.UEM.TOTL.NE.ZS?end=2020&locations=CA&start=1980  Consumer Prices Inflation Rate  1980 - 2019 (Annual %) Notes: Inflation rates have gone down as GDP has gone up  source: https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?end=2019&locat...