Two Striking Features of a Graph of Canadian Real GDP

question 34

Multiple Choice

Two striking features of a graph of Canadian real GDP per capita over the twentieth century are the:

• A)overall upward trend interrupted by a large downturn due to the economic depression in the 1930s.
• B)nearly constant level with a large downturn in the 1930s.
• C)downward trend in the first half of the century followed by the upward trend in the second half.
• D)constant level in the first half of the century followed by the upward trend in the second half.

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Definitions:

Economy

An economy encompasses all activities related to production, consumption, and trade of goods and services in an area or country.

Balance of Trade

The variation in worth between what a country buys from and sells to other countries during a specific time frame.

Electricity

A form of energy resulting from the existence of charged particles, widely used for lighting, heating, and powering machines and devices.

1920s

A decade characterized by economic prosperity and cultural flourishing in the United States, also known as the "Roaring Twenties."