Which of the Following Is Counted in Canadian GDP

question 62

Multiple Choice

Which of the following is counted in Canadian GDP?

• A) goods and services produced by Canadian citizens working in the U.S.
• B) American intermediate goods used in the production of Canadian final goods
• C) Canadian final goods and services purchased by the American government
• D) American final goods and services purchased by the Canadian government

---

Definitions:

Variable Overhead Rate

The rate at which variable overhead costs are applied to a product based on a specific activity or driver.

Direct Labor-Hours

The total hours worked directly on manufacturing a product or providing a service.

Direct Labor Rate

The hourly wage paid to workers who are directly involved in the production of goods or services.

Production Budget

A financial plan that estimates the number of units to be produced in a future period, factoring in sales forecasts and inventory requirements.