Suppose a Canadian Firm Imports $1000 Worth of Bananas and Sells

question 4

Multiple Choice

Suppose a Canadian firm imports $1000 worth of bananas and sells them for $2000. The effect on Canadian GDP would be

• A)to increase the value of GDP by $2000.
• B)to increase the value of GDP by $3000.
• C)to increase the value of GDP by $1000.
• D)to decrease the value of GDP by $3000.
• E)no effect on GDP since the bananas were produced outside Canada.

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Definitions:

Psychological Size

A term which is not commonly used in standard references and might be speculative or context-specific. NO.

Morale

Mental and emotional condition with respect to satisfaction, confidence, and resolve; the attitude or spirit of an individual or group resulting in courage, dedication, and discipline; the level of satisfaction one has with intrinsic job factors, such as variety and challenge, feedback and learning, wholeness and meaning, and room to grow, as well as extrinsic conditions of employment, such as fair and adequate pay, job security, and health and safety. See raising morale.

Productivity

The efficiency in which individuals, businesses, or countries produce goods or services, often measured by the output per unit of input.

Jeffrey Krames

An author known for his works on leadership and management, focusing on the strategies of successful business leaders.