In 2014,how Large Were Canadian Government Purchases of Goods and Services

question 118

Multiple Choice

In 2014,how large were Canadian government purchases of goods and services?

• A) 5 percent of GDP
• B) 12 percent of GDP
• C) 21 percent of GDP
• D) 26 percent of GDP

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Definitions:

Stamp Act

A 1765 British law that imposed a tax on the colonies for stamped paper used in official documents, widely unpopular and seen as a direct taxation without colonial representation.

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or other entities to fund public expenditure.

Commerce

The activity of buying and selling, especially on a large scale, involving transportation and exchange of goods and services.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.