In Comparing Canada and China We Find That

question 57

Multiple Choice

In comparing Canada and China we find that

• A)real GDP per person is about the same in the two countries.
• B)Canada's real GDP per person is less than China's real GDP per person once we adjust for currency differences.
• C)China's real GDP per person is less than real GDP per person in Canada.
• D)Canada's real GDP per person is much larger than China's real GDP per person when purchasing power parity prices are used but is less than China's real GDP per person when exchange rate prices are used.
• E)none of the above.

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Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.

Relief Sculpture

A type of sculpture that projects from the background surface, often creating an effect of depth while remaining attached to a solid background.

Atmospheric Effect

A technique in art, especially painting, where color and tone are used to depict the effect of atmosphere on objects in the distance, enhancing depth and realism.

Quatrefoil

A shape or plan in which the parts assume the form of a cloverleaf.