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The table below provides data on Canada's real GDP per person,average labour productivity and the share of population employed in 1960 and 2000.Use this information for the following questions.(Assume that between 1960 and 2000 there are 40 years) .
Between 1960 and 2000,Canada's GDP per person grew by ___________ percent,and over the same period,average labour productivity grew by ___________ percent and the share of the population employed grew by ___________ percentage points.
Investment Property
Real estate property acquired to earn rental income, capital appreciation, or both, rather than for use in operations or as inventory.
Lease Revenue Recognition
The process of recognizing income earned from leasing out assets over the lease term.
Lease Liability
An obligation representing the present value of lease payments due over the lease term by the lessee.
Executory Costs
Ongoing operational expenses related to a leased asset, typically including insurance, maintenance, and taxes, that are usually paid for by the lessee.
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