Canada’s Economy. Canada at Work ► ► What is the connection between the Earth’s resources and the Canadian economy? ► - human activities that are related.

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Presentation transcript:

Canada’s Economy

Canada at Work ► ► What is the connection between the Earth’s resources and the Canadian economy? ► - human activities that are related to the production, distribution, exchange, and consumption of goods and services ► Economy - human activities that are related to the production, distribution, exchange, and consumption of goods and servicesgoods ► GDP – Gross Domestic Product (the total value of all the goods and services in a country, not including foreign investment) ► The GDP of Canada is $1.8 trillion…..or $1,800,000,000,000 ► Canada’s GDP per capita (person) is around $36,000

Comparing Canada’s GDP To Others CountryGDP per capita (person) USA $46,000 Bolivia$4,400 Honduras$3,300 Germany$34,400 United Kingdom$46,000 Somalia$600

The economy of Canada is made up of FOUR different parts: 1. Primary Industries – businesses that collect natural resources from the land, underground, or water (e.g. forestry, fishing, oil)

2. Secondary Industries – businesses that use raw materials and make (manufacture) them into something more valuable (e.g. paper, gasoline)

3. Tertiary Industries – businesses that provide services to other industries (e.g. schools, hair salons, grocery stores, movie rental outlets…)

4. Information (Quaternary) Industries – businesses that use and process information (e.g. BlackBerry, Perimeter Institute…)

The end….