The main reason Canada has such a high standard of living is
A)low unemployment.
B)high average labour productivity.
C)low inflation.
D)low government budget deficits.

Question

Quizplus · Accepted Answer

High average labour productivity is a major contributor to Canada's high standard of living, as it means the economy generates more output with less input, leading to more goods and services available to citizens.

Note: The other options (A, C, and D) may also contribute to a high standard of living, but they are not the main reason for it in Canada.

The Main Reason Canada Has Such a High Standard of Living