Question

Write a paper comparing Alberta GDP to Canada and other provinces, the US and US states

Answer 1

Using economic performance measures such as the level and growth of real gross domestic product (GDP) per person, resource intensity, growth in real GDP per worker (labour productivity), employment growth (total, private, and public), and the unemployment rate, this section compares the 50 US states and 10 Canadian provinces over the period 2010 to 2014—the period since the recession of 2008-09. The data come from Statistics Canada, the US Census Bureau, the US Bureau of Economic Analysis, and the US Bureau of Labour Statistics. Economic output (GDP) comparisons Figures 1 and 2 depict the level of per-capita GDP, the broadest measure of income available, as well as the growth in per-capita GDP from 2010 to 2014, after adjusting for inflation. Specifically, figure 1 presents average real per-capita GDP from 2010 to 2014 by jurisdiction, ranked from highest to lowest. Figure 2 presents the average annual growth rate of real per-capita GDP between 2010 and 2014. From 2010 to 2014, the United States continued to have a higher real per-capita GDP than Canada at $57,092 compared to $48,041—approximately 19 percent higher (all numbers in Canadian dollars).1 Average real per-capita GDP from 2010 to 2014 at the state or provincial level ranged from a high of $88,336 for Alaska to a low of $34,351 for Prince Edward Island. Of the top ten jurisdictions as measured by average real per-capita GDP, nine were american; Alaska, Wyoming, and Connecticut were first, second, and third. Alberta, c only anadasjurisdiction in the top 10, was fourth highest on this measure. Of the bottom ten in average real per-capita GDP, four were Canadian—Prince Edward Island, New Brunswick, Nova Scotia, and Quebec