What Were the Changes in Output in the Early 1930s

question 193

Multiple Choice

What were the changes in output in the early 1930s and early 1940s in Canada, respectively?

• A) a large increase and a large increase
• B) a large increase and a large decrease
• C) a large decrease and a large increase
• D) a large decrease and a large decrease

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciating in value over time.

Interest on Interest

The concept of earning interest on the reinvestment of previous interest payments, a compound interest phenomena.

Average Annual Interest Rate

The average amount of interest earned or paid on an investment or loan over a one-year period, expressed as a percentage.

Investments

Resources or possessions obtained with the intention of creating income or growing in value over time.