Which statement best describes the evolution of the Canadian economy over the past decades?

Question

Quizplus · Accepted Answer

The statement that best describes the evolution of the Canadian economy over the past decades is that growth in real GDP has allowed an improvement in Canadians' standard of living. This is because the Canadian economy has generally grown over the past decades, with real GDP increasing from $415 billion in 1970 to $1.85 trillion in 2018. This growth has allowed for higher wages, more job opportunities, and increased access to goods and services, all of which have contributed to an overall improvement in Canadians' standard of living.

Which Statement Best Describes the Evolution of the Canadian Economy