The Average Rate of Productivity Growth in Canada Over the Past

question 34

Multiple Choice

The average rate of productivity growth in Canada over the past few decades has been about

• A)15 percent per year.
• B)0.2 percent per year.
• C)1.5 percent per year.
• D)25 percent per year.
• E)5 percent per year.

---

Definitions:

Net Operating Income

The profit a company makes after deducting operating expenses, excluding interest and taxes.

Break-Even

The point at which total costs and total revenues are equal, resulting in neither profit nor loss.

Sales Dollars

The total amount of revenue generated from the sale of goods or services, expressed in monetary units.

Common Fixed Expenses

Costs that do not change with the level of production or sales and are shared across different segments or products of a business.