Acme Steel Co

question 71

Multiple Choice

Acme Steel Co.produces 1000 tons of steel.Steel sells for $30 per ton.Acme pays wages of $10,000.Acme buys $15,000 worth of coal,which is needed to produce the steel.Acme pays $2,000 in taxes.Acme's contribution to GDP is

• A) $15,000.
• B) $20,000.
• C) $30,000.
• D) $45,000.
• E) $60,000.

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Definitions:

Multiculturalism

A policy or framework that recognizes, embraces, and promotes cultural diversity within a society, encouraging the coexistence of different cultural traditions.

Formative Stage

A developmental phase where growth, learning, or change is shaping an individual, concept, or project, setting foundational structures.

Multiculturalism

A policy or ethos that promotes the preservation of different cultures or cultural identities within a unified society, recognizing and valuing diverse cultural backgrounds.

Employment Equity Act

A Canadian law aimed at eliminating barriers to employment and promoting equality in the workplace for groups traditionally marginalized, including women, racial minorities, indigenous peoples, and people with disabilities.