The two major reasons for the tremendous growth in output in the Canadian economy over the last 125 years are
A)population growth and budget deficit.
B)population growth and increased productivity.
C)low unemployment and budget surplus.
D)low budget deficit and low trade deficits.

Question

Quizplus · Accepted Answer

Population growth and increased productivity are the two major reasons for the tremendous growth in output in the Canadian economy over the last 125 years. As the population grew, there was an increase in demand for goods and services, leading to increased production. Additionally, advancements in technology and increased efficiency led to increased productivity, resulting in a larger output from the economy.

The Two Major Reasons for the Tremendous Growth in Output