The High Growth Rate in Aggregate Output in Canada During

question 13

Multiple Choice

The high growth rate in aggregate output in Canada during 1991-2001 was due to

• A) an increase in the capital stock.
• B) an increase in the labour force.
• C) an increase in total factor productivity growth.
• D) the higher prices of energy.
• E) strong growth in the service sector.

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Definitions:

Void Contracts

Agreements that are illegal or against public policy and therefore unenforceable by law.

Bilateral Contract

A contract in which the promise of one of the parties forms the consideration for the promise of the other.

Unilateral Contract

A contract where one party makes a promise in exchange for an act by the other party.

Quasi-contract

A quasi-contract is a legal concept where the court imposes a contract-like obligation on a party to prevent unjust enrichment, even though no actual agreement exists between the parties.