Between 1926 and 2014, the Average Growth Rate of Real

question 6

Multiple Choice

Between 1926 and 2014, the average growth rate of real GDP per person in Canada was ________ percent a year. During this period, ________ grew at a faster rate than the population.

• A)2.0; GDP;
• B)2.0; real GDP
• C)1.0; inflation
• D)3.0; real GDP
• E)3.0; GDP

---

Definitions:

Work in Process Inventory

Goods partially completed during the manufacturing process, not yet ready for sale.

Materials Ledger Cards

Records used to track the quantities and costs of materials on hand in inventory through receipts, issuances, and balances.

Perpetual Records

Inventory management records that are continuously updated to reflect sales, purchases, and inventory levels in real time.

Issued For Use

Refers to materials or goods that have been distributed for use in production or operations.