Which Event Increases Canada's Nominal GDP

question 72

Multiple Choice

Which event increases Canada's nominal GDP?

• A) Andreas steals $200 worth of cosmetics from Shopper's Drug Mart.
• B) The Middletons sell a Nova Scotia cottage that has been in the family for six generations.
• C) Brad buys $240 of crack cocaine from Smokie Joe.
• D) Ian buys a 2009 Honda Civic for $3,000.
• E) A millionaire from Michigan buys $400 of fresh Ontario blueberries while on vacation in Canada.

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Definitions:

Fixed Asset Turnover

A financial efficiency ratio that measures how well a company utilizes its fixed assets to generate sales.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity.

Stock Market

A public market for buying, selling, and issuing shares of publicly held companies, serving as a critical mechanism for price discovery and capital allocation.

Leverage Ratio

A financial metric used to measure the degree of a company's debt compared to its assets, equity, or operational cash flow.