A Wind Farm in Manitoba Buys a Large Turbine Generator

question 158

Multiple Choice

A wind farm in Manitoba buys a large turbine generator from a Swedish-owned factory located in Ontario and using local workers.What happens as a result?

• A) Canadian investment,GDP,and GNP all increase by the same amount.
• B) Canadian investment increases,but GDP and GNP are unaffected by the purchase.
• C) Canadian investment and GDP increase by the same amount,but Canadian GNP increases by a smaller amount.
• D) Canadian investment and GNP increase by the same amount,but Canadian GDP increases by a smaller amount.

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Definitions:

Secured Party

An individual or entity that holds an interest, typically a security interest, in another's property as collateral for a debt.

Relinquish

To voluntarily give up or surrender a claim, right, or possession.

Security Agreement

A legal document that specifies the collateral for a secured loan, establishing the lender's rights to the secured property.

Rights and Duties

The legal entitlements and obligations that are held by individuals and entities under the law.