Which of the Following Is Likely to Increase Measured GDP

question 42

Multiple Choice

Which of the following is likely to increase measured GDP in Canada?

• A) Alberta implements a higher provincial income tax, prompting more Albertans to obtain jobs in the underground economy.
• B) Nissan increases production in its Japanese factories to produce more cars for export to Canada.
• C) Prostitution is legalized in all provinces.
• D) A greater number of men in Manitoba decide to become "stay-at-home dads" to take care of their kids.

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Definitions:

Mexican Peso

The Mexican Peso is the official currency of Mexico, represented by the symbol $ or MX$ to distinguish it from other dollar-denominated currencies.

Dollar Value

The worth or purchasing power of the United States dollar in terms of the amount of goods or services that one unit of money can buy.

Trade Deficit

A situation where a country's imports exceed its exports, leading to a negative balance of trade.

International Basis

Engaging in business or transactions that involve entities in multiple countries or global considerations.