The Widening Productivity Gap Between Canada and the United States

question 39

Multiple Choice

The widening productivity gap between Canada and the United States is largely explained by

• A) superior technological innovation in the United States.
• B) high oil prices in the 1980s.
• C) growth in Canada was concentrated in low-productivity sectors.
• D) higher taxes in Canada.
• E) government policy.

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Definitions:

Debt

An amount of money borrowed by one party from another under the condition that it is to be paid back at a later date, often with interest.

Spending

The act of using money to purchase goods or services.

Withdrawals

The act of taking money out from a bank account or investment.

Retirement Fund

A financial arrangement designed to replace employment income upon retirement, often consisting of contributions from employers, employees, or both.