What Percentage of Canada's GDP Is Contributed by Small Businesses

question 77

Multiple Choice

What percentage of Canada's GDP is contributed by small businesses?

• A) 7 percent
• B) 13 percent
• C) 19 percent
• D) 30 percent
• E) 41 percent

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Definitions:

Command Systems

Economic systems where the government controls key sectors of the economy, determining what goods are produced, their prices, and distribution.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.

Adam Smith

An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.