In 2014-2015, the federal government contributed $112 million to the 13 provincial/territorial legal aid plans, the same amount as the previous year, but after factoring in inflation this amount was less than the previous year.

Question

Quizplus · Accepted Answer

When inflation is considered, a constant nominal amount of money from one year to the next actually represents a decrease in real terms, as the purchasing power of that money is eroded.

In 2014-2015, the Federal Government Contributed $112 Million to the 13