The Table Below Provides Data About the Canadian and the U.S.economies

question 130

Multiple Choice

The table below provides data about the Canadian and the U.S.economies for the year 2000.All data are expressed in Canadian dollars.
Suppose,in addition,that in 2000,Canada's population was 30 million and the U.S.population was 276 million.
-Of the following measures,the best gauge of the relative living standards of Canadians and Americans in 2000 was

• A) Canada's total output in 2000.
• B) U.S.total output in 2000.
• C) Canada's output per person in 2000.
• D) the ratio of Canadian to U.S.total output in 2000.
• E) the ratio of Canadian to U.S.output per person in 2000.

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Definitions:

Merchandise Purchases Budget

A merchandise purchases budget outlines the planned spending on goods for resale during a certain period, considering expected sales and inventory requirements.

Credit Sales

Sales made on credit, allowing customers to pay at a later date, which are recorded as accounts receivable on the balance sheet.

Cash Receipts

The collection of cash during a period, including cash sales and received payments from customers.

February Sales

The total revenue generated from sales activities in the month of February.