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.

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Definitions:

Suffix

A letter or group of letters added at the end of a word to alter its meaning or form a new word.

Mature

Describes individuals or organisms that have reached a fully developed or advanced stage of growth or development.

Suffix

A letter or group of letters added at the end of a word to form a derivative or to alter its grammatical function.

Floss

A thin filament used to clean between the teeth and gums for dental hygiene.