Which of the Following Is Used to Measure and Compare

question 5

Multiple Choice

Which of the following is used to measure and compare the economic outputs in Canada and other nations?

• A)Human Development Index (HDI)
• B)Canadian Index of Well-being (CIW)
• C)real gross domestic product (real GDP)
• D)genuine progress indicator (GPI)

---

Definitions:

Supplier's Currency

Refers to the currency in which a supplier prefers to conduct transactions, possibly influencing international trade and payment methods.

Countertrade

A method of trade in which goods or services are exchanged directly for other goods or services without the use of money.

Foreign Exchange

The exchange of one currency for another or the conversion of one currency into another currency.

Labor-intensive Exports

Refers to goods or products that require a significant amount of manual labor to produce, which are then sold to other countries.