If Real GDP Per Capita Measured in 2007 Dollars Was

question 237

Multiple Choice

If real GDP per capita measured in 2007 dollars was $16,000 in 1961 and $48,500 in 2015, we would say that in the year 2015, the average Canadian could buy approximately ________ times as many goods and services as the average Canadian in 1961.

• A)0.3
• B)2
• C)3
• D)7
• E)12

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Definitions:

Stock Market

A public market for the trading of company stock and derivatives at an agreed price.

AIDA Approach

A strategy in marketing and advertising designed to attract potential customers by navigating them through awareness to purchase.

Direct Approach

A communication strategy that involves straightforward and clear expression of thoughts or instructions without ambiguity.

Indirect Approach

A communication strategy where the main point or request is presented after providing background information or context, often used to soften the message or persuade.