Which of the following would represent the healthiest economic scenario for Canada?

Question

Quizplus · Accepted Answer

A healthy economic scenario for Canada would include GDP expansion, low unemployment, and a moderate level of inflation, which is what option A represents. A high GDP means that the country is producing more goods and services, while a low unemployment rate means that there are more people with jobs and more purchasing power. A moderate level of inflation ensures that prices remain stable and the economy does not overheat or experience deflation. Option B represents a negative economic scenario as it includes GDP contraction, high unemployment and hyperinflation. Option C includes GDP contraction and deflation which is worse than moderate inflation. Option D includes high unemployment and deflation which would mean the country's consumer spending would decrease which is harmful for the economy.

Which of the Following Would Represent the Healthiest Economic Scenario