Which of the Following Macroeconomic Variables in Canada Do NOT

question 38

Multiple Choice

Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?

• A)real GDP
• B)the price level
• C)the level of unemployment
• D)the unemployment rate
• E)the level of labour productivity

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Definitions:

Marginal Damage Cost

The additional cost incurred from producing one more unit of a good or service, which often relates to the negative externalities or damages caused by the increase in production.

Marginal Cost

The increase in total production cost that results from making one additional unit of a product.

Tradeable Pollution Permits

Tradable Pollution Permits are a market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Government-Involved

Describes situations or sectors where the government plays a significant role in regulation, ownership, or provision of services.