What Was the Approximate Maximum Annual CPP When Applying at Retirement

question 116

Multiple Choice

What was the approximate maximum annual CPP when applying at retirement age in 2010?

• A)$11 000
• B)$12 000
• C)$6000
• D)$8000

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Definitions:

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression, often representing a measure of some property.

Midpoint Formula

A method used in geometry and economics to find the midpoint or the average of two points on a line segment.

Consumer Expenditure

The total amount spent by consumers on goods and services in a given period.