About two-thirds of Canada's growth rate in the last half century has been due to rising productivity and about one-third has been due to the use of more inputs.
Correct Answer:
Verified
Q4: The rise in productivity seen in the
Q5: In Canada, real GDP per capita has
Q6: An outward shift in the production possibilities
Q7: Real GDP = worker-hours * labour productivity.
Q8: The rate of economic growth is best
Q10: Economic growth can be shown as a
Q11: An increase in the quantity and quality
Q12: Improvements in education and training explain nearly
Q13: If an economy's real GDP is growing
Q14: Economic growth lessens the burden of scarcity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents