Which of the Following Statements About Canada's Long-Term Growth Trends

question 88

Multiple Choice

Which of the following statements about Canada's long-term growth trends is false?

• A)Economic growth rates have been steady, except for the business cycle.
• B)Economic growth rates show periods of slow and high growth.
• C)Economic growth rates were faster in the 1990s than in the 1980s.
• D)Economic growth rates have slightly faster in the United States than in Canada.
• E)African countries have fallen further behind Canada in recent years.

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Definitions:

Income

Payments obtained regularly from employment or investment returns.

Demand Curve

A visual depiction of how the price of a product influences the amount consumers are willing to buy.

Market Demand Curve

represents the total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a specific price.