If the Productivity Slowdown Had Not Occurred in 1973, the Income

question 104

True/False

If the productivity slowdown had not occurred in 1973, the income of the average Canadian today would be about 70 percent higher.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes, from its total revenues.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Acquiring And Disposing

The processes involved in obtaining and getting rid of assets, including purchasing or receiving assets and selling or disposing of them.

Products Or Services

The tangible items (products) and intangible activities (services) offered by a business to satisfy the needs or wants of its customers.