The table below provides data about the Canadian and the U.S.economies for the year 2000.All data are expressed in Canadian dollars.
Suppose,in addition,that in 2000,Canada's population was 30 million and the U.S.population was 276 million.
-Of the following measures,the best gauge of the relative living standards of Canadians and Americans in 2000 was
A) Canada's total output in 2000.
B) U.S.total output in 2000.
C) Canada's output per person in 2000.
D) the ratio of Canadian to U.S.total output in 2000.
E) the ratio of Canadian to U.S.output per person in 2000.
Correct Answer:
Verified
Q67: When a country imports more than it
Q68: If tax revenues equal 20% of total
Q69: The chart shows the annual unemployment rates
Q70: The inflation rate
A) was higher in the
Q71: While Canada has tended to run trade
Q73: Fiscal policy refers to
A) decisions to determine
Q74: The standard of living is directly tied
Q75: A slowdown in average labour productivity growth
Q76: If Macroland sells more goods to foreign
Q77: If tax revenues equal 25% of total
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