Which of These Statements Is Correct About the Canada Pension

question 90

Multiple Choice

Which of these statements is correct about the Canada Pension Plan (CPP) ?

• A)The CPP dates back to 1996.
• B)There are three types of CPP benefits.
• C)CPP contribution is based on your age.
• D)The federal government matches the CPP contributions of self-employed individuals.
• E)If you can begin receiving your CPP benefits at the age of 50.

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Definitions:

Resources

Inputs or assets used in the production of goods and services, including labor, capital, and natural materials.

Absolute Advantage

The advantage in the production of a good enjoyed by one country over another when it uses fewer resources to produce that good than the other country does.

Resources

The inputs or factors of production, including land, labor, capital, and entrepreneurship, that are used in the creation of goods and services.

Demand

The volume of commodities or services people are inclined and financially capable of purchasing at various price points during a designated time.