Which of the Following Is Counted in Canadian GDP

question 62

Multiple Choice

Which of the following is counted in Canadian GDP?

• A) goods and services produced by Canadian citizens working in the U.S.
• B) American intermediate goods used in the production of Canadian final goods
• C) Canadian final goods and services purchased by the American government
• D) American final goods and services purchased by the Canadian government

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out to shareholders as dividends. These funds are often reinvested in the business.

Net Capital Spending

The total spending on fixed assets minus the proceeds from the sale of fixed assets over a period.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of accounting standards for financial reporting by Canadian companies.