Inflation rates in Canada in recent years:
A)are relatively higher than the rates in other industrial countries.
B)are relatively the same as the rates in other industrial countries.
C)are relatively lower than the rates in some other industrial countries.
D)are double digit and comparable with the rates in Kenya and Venezuela.

Question

Quizplus · Accepted Answer

In recent years, Canada's inflation rates have been relatively lower than the rates in some other industrial countries. While they have not been as low as in some countries like Japan or Germany, they have been lower than the rates in the United States, United Kingdom, and Australia. Canada's inflation rate has remained around 2% or less, which is considered a healthy level of inflation for the economy. This is in contrast to countries like Kenya and Venezuela, which have experienced double-digit inflation rates.

Inflation Rates in Canada in Recent Years