Canada's GDP in 2014 Was About

question 215

Multiple Choice

Canada's GDP in 2014 was about

• A) $275 billion.
• B) $950 billion.
• C) $1.8 trillion.
• D) $3.6 trillion.
• E) $8.3 trillion.

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Definitions:

Demand

The desire of purchasers, consumers, clients, or agents for a particular commodity, service, or other resource, combined with their capacity to purchase it.

Vertical Straight Line

In a graph, a line that runs straight up and down, indicating that the variable on the x-axis remains constant.

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a certain price.

Production Costs

The total expense incurred in manufacturing goods, including raw materials, labor, and overhead.