In 2016, Canada's Population Reached 32,500,000, a Level That Was

question 410

Short Answer

In 2016, Canada's population reached 32,500,000, a level that was 9.53% higher than ten years earlier. Rounded to the nearest 10,000, what was the population figure for 2006?

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Definitions:

Long-Run Adjustments

The process by which firms adjust their production levels, input mixes, and operations to reflect changes in the market or economic conditions over a longer period.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in other words, every good or service is produced up to the point where the last unit provides a utility level equal to the cost of producing it.

Marginal Benefit

The incremental enjoyment or advantage received from the consumption or creation of one more unit of a good or service.

Minimum Price

The lowest price at which a product or service can be sold, often regulated by governmental policies or agreements to ensure fair competition and to protect consumers or producers.