Suppose Gross Capital Formation as a Percentage of GDP Is

question 46

Multiple Choice

Suppose gross capital formation as a percentage of GDP is low but the economic growth rate is high. Which of the following can be inferred about the economy from this information?

• A) The services sector forms a large proportion of the GDP of the economy.
• B) The level of private sector investment in assets like buildings, factories and equipment is
• C) The proportion of output that is used for renewal of existing capital is likely to be low.
• D) The manufacturing sector forms a large proportion of the GDP of the economy.

---

Definitions:

Women's Health Club

A fitness or social club specifically catering to the health and wellness needs of women.

BFOQ

Acronym for "Bona Fide Occupational Qualification," referring to a qualification that allows employers to consider characteristics typically protected by discrimination laws when they are reasonably necessary to the normal operation of a particular business.

Political Belief

An individual's convictions or attitudes regarding political systems, policies, and leaders, which can influence their actions and decisions.

Federal and Provincial Legislation

Laws and regulations enacted by federal and provincial governments, respectively, that govern various aspects of life and business within their jurisdictions.