Since 1999, What Caused Most of the Change of Canadian

question 212

Multiple Choice

Since 1999, what caused most of the change of Canadian net capital outflow as a percent of GDP?

• A) decrease in private investment
• B) increase in national saving
• C) decrease in U.S. investment
• D) decrease in national saving

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Definitions:

Cost Per Unit

The calculation of the total cost of producing a product or providing a service divided by the number of units produced or serviced.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to end users.

Variable Costing

A costing method that includes only variable production costs in the cost of goods sold and reports fixed overhead separately.

Absorption Costing

A method of product costing that includes all manufacturing costs, both variable and fixed, in the cost of a product.