Economic Growth and Inflation by DaniDivy Daily

Video #1 Canada's Inflation as of March 2024

mikeisha4 — 2024-04-09 23:35:38 UTC

This video shows the pros of inflation and how there can be a positive side to it. Inflation is not always in decline, but certain things in life can stay at a high cost always.

Website #1 Inflation

mikeisha4 — 2024-04-10 00:46:30 UTC

Inflation is the rate of price increase over a given period. Inflation can affect a lot of goods that the economy uses in their everyday life. The goods can be needed for everyday survival, commute, mental, physical and emotional stability, just one's overall daily living. When prices rise fewer things are bought and vice versa. For instance, a whole load of groceries that we used to be able to get for one hundred dollars, we can only get about five to ten intems if we are lucky. However, inflation hits the economy differently depending on who you are and the lifestyle you live or want to live.

This website gives a good break down of the many reason of inflation, types of inflation, how to measure inflation, etc.

Video #2 Pros of Inflation

mikeisha4 — 2024-04-10 01:23:45 UTC

This video shows a few different pros of high inflation rates and how Canadians can benefit soon. This video will talk about how your funds in your TFSA account can be built and gives you a breakdown of the benefits. It will also talk about having a higher old age security callback limit and taking on more work if needed. It also talks about the Indexation which includes the CPP and old age security. Things like these are very helpful to know for the future reference especially those who plan on retiring soon. This video encourages that although inflation is stressful now, the future is looking good

Website #2 Cons of Inflation

mikeisha4 — 2024-04-10 01:52:26 UTC

Increase on inflation can have a huge negative effect on people, with having to cut back on certain joys in life that we used to be able to afford, it can send us into a spiral of a negative emotional state. with not being able to afford life society tends to go into a state of depression and isolation, which results in everyone staying home not going anywhere at the risk of having to buy something if they step outside. because of this a lot of business don't make enough money to keep operating resulting in the government having to step in to give some assistance.

on this website it dives into more pros and cons of inflation but also how the government does not benefit from inflation and how damaging the hit from inflation really is.

mikeisha4 — 2024-04-10 02:04:54 UTC

Hey Kings and Queens, welcome and thank you for clicking on my Padlet. Here you will learn about Economic Growth and Inflation. As you read along, there will be more in depth information about each topic. I will discuss their function, the effects they have on us as a people, and the pros and cons.

I really hope you enjoy this wall, have a great day.

Website #3 Economic Growth

mikeisha4 — 2024-04-10 02:34:51 UTC

This can be an increase in production of goods and services in the economy. However, it is also the increase in our country's economy over time. Economic Growth can be worded as increasing quantity or quality of the working age population, what kind of work they have and how and what they use to work. Economic growth is measured in a few different ways but the most common is the real GDP. This is broken down into three different parts, which the website explains in more detail. It is important to increase human capital, which is getting people to become more skilled in their professions, increasing business and thus economic growth. These things are very important because they will allow the economy to provide more for more people, especially those in need.

Pros and Cons

mikeisha4 — 2024-04-10 02:51:30 UTC

Some places are progressing in economic growth and building in business, government, and all together population. This is because people are learning more skills and which give an opportunity for more business to come along this also creates a convenience to make life easier. However, there are places that economic growth is causing more of a deflation than inflation, this is because it can be a bit much for the economy to stay afloat and try to keep up with such high demand.

mikeisha4 — 2024-04-10 02:55:44 UTC

Image #2

mikeisha4 — 2024-04-10 03:00:01 UTC

image #2

mikeisha4 — 2024-04-10 03:03:45 UTC

Mikeisha Lloyd

mikeisha4 — 2024-04-10 03:46:15 UTC