Stephanie Buys a Designer Dress Produced by a Canadian-Owned Fashion

question 86

Multiple Choice

Stephanie buys a designer dress produced by a Canadian-owned fashion shop in France.As a result,Canadian consumption increases.What happens as a result?

• A) Canadian net exports decrease,Canadian GNP increases,and French GDP is unaffected.
• B) Canadian net exports decrease,Canadian GDP increases,and Canadian GNP is unaffected.
• C) Canadian net exports decrease,Canadian GDP is unaffected,and Canadian GNP increases.
• D) Canadian net exports are unaffected,Canadian GDP is unaffected,and French GDP increases.

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Definitions:

Testamentary Trust

A trust created by a will that becomes effective upon the death of the person who created it.

Settlor's Death

The event of the death of an individual who has established a trust, potentially triggering changes in the management or distribution of the trust's assets.

Spendthrift Trust

A type of trust that is created to prevent the beneficiary's assets from being squandered or from being claimed by creditors by providing restricted access to the trust assets.

Personal Representative

An individual appointed to administer the estate of a deceased person.