The Three Main Reasons That Canada's Real GDP Has Increased

question 26

Multiple Choice

The three main reasons that Canada's real GDP has increased steadily for many years are

• A)rising employment,increasing levels of education of the labour force and the increase in the participation rate of women in the labour force.
• B)an increasing stock of physical capital,increasing exports and rising employment.
• C)the increase in life expectancy,the rise in employment and increasing productivity.
• D)rising employment,increasing stock of physical capital and increasing productivity.
• E)increasing productivity of labour,increasing productivity of land and increasing productivity of the capital stock.

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Definitions:

Environmental

Relating to the natural world and the impact of human activity on its condition.

Cost of Goods Sold

Expenses directly associated with the production process of goods for sale by a company, including both labor and materials.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including materials, labor, and overhead.

Cost of Goods Purchased

The total price paid for products bought for resale, including freight-in costs, less any purchase returns or allowances.