Which Statement Best Describes the Evolution of the Canadian Economy

question 84

Multiple Choice

Which statement best describes the evolution of the Canadian economy over the past decades?

• A) Real GDP in 2014 was less than three times its level in 1970.
• B) The output of goods and services grew on average about 1 percent per year from 1970 to 2014.
• C) Real GDP was approximately constant over the past decades,only prices have increased.
• D) Growth in real GDP has allowed an improvement in Canadians' standard of living.