The Main Reason Canada Has Such a High Standard of Living

question 7

Multiple Choice

The main reason Canada has such a high standard of living is

• A)low unemployment.
• B)high average labour productivity.
• C)low inflation.
• D)low government budget deficits.

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Definitions:

Operating Activities

Transactions and events that directly affect the financial position of a company, primarily related to its core business operations.

Comparative Balance

A financial statement that presents balances of accounts or financial metrics at different points in time for comparison.

Direct Method

A method of preparing the cash flow statement where actual cash flow information from operating activities is directly listed.

Operating Activities

Business functions that are directly related to the production and delivery of goods and services, generating the primary revenue streams for a company.