Over the Last Twenty Years,real GDP in the Canadian Economy

question 25

Multiple Choice

Over the last twenty years,real GDP in the Canadian economy has increased and there has been inflation.This indicates that aggregate demand has ________ more than aggregate supply.

• A)decreased
• B)stagnated
• C)increased
• D)flattened

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Definitions:

Desired Profit

The targeted amount of profit a company aims to achieve in a specific period.

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and overhead.

Contribution Margin

The amount by which the sales revenue of a product exceeds its variable costs, contributing to covering the fixed costs and generating profit.

Bottleneck

A bottleneck in a manufacturing system that happens when the incoming work exceeds the capacity of the production process.