A Manitoba Farmer Buys a New Tractor Made in Alberta

question 85

Multiple Choice

A Manitoba farmer buys a new tractor made in Alberta by a German company. What is the impact on investment and GDP?

• A) Canadian investment and German GDP increase, but Canadian GDP is unaffected.
• B) Canadian investment and GDP increase, but German GDP is unaffected.
• C) Canadian investment, Canadian GDP, and German GDP are unaffected, because tractors are intermediate goods.
• D) Canadian investment, Canadian GDP, and German GDP all increase.

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Definitions:

Psychosocial Development

A theory proposed by Erik Erikson that describes how individuals evolve through various stages of social and psychological development from infancy to adulthood.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings.

Industry Versus Inferiority

A stage in Erik Erikson's theory of psychosocial development where children develop a sense of competence through mastering tasks.

Psychosocial Stages

A theory proposed by Erik Erikson, which posits that individuals go through eight developmental stages, each involving a specific conflict that must be resolved.