Which of the Following Best Describes the Evolution of Canadian

question 152

Multiple Choice

Which of the following best describes the evolution of Canadian economy over the past decades?

• A)Real GDP grew on average about 3 percent per year from 1970 to 2006.
• B)Real GDP was approximately constant over the past decades.
• C)The growth of real GDP has been steady over time.
• D)There were no recessions over the period 1970 to 2005.

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Definitions:

Net Income

The amount of earnings remaining after subtracting all costs, taxes, and expenses from total revenue, indicative of a company's profitability.

Common Stockholders' Equity

Equity representing the ownership interest of common shareholders in a company, reflected as the share capital and retained earnings.

Dividends Paid

The sum of money distributed to shareholders from a company's earnings.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenues.