Over the Past Century in Canada, by How Much Has

question 141

Multiple Choice

Over the past century in Canada, by how much has average income grown as measured by real GDP per person?

• A) about 1 percent per year, which implies a doubling about every 70 years
• B) about 2 percent per year, which implies a doubling about every 35 years
• C) about 3.5 percent per year, which implies a doubling about every 20 years
• D) about 4 percent per year, which implies a doubling about every 17.5 years

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Definitions:

Devalues Information

Undermining or dismissing the importance, value, or accuracy of information, which can negatively impact decision-making and organizational learning.

Intense Competition

A market condition where businesses aggressively compete for market share, customers, and resources, often leading to innovation and improved services.

Technological Change

The innovation and implementation of new technologies in a way that transforms the existing processes or products.

Environmental Uncertainty

The difficulty in predicting changes and trends in the external business environment that can impact an organization's operations.