The Canadian economy lags behind other highly populated countries because a lower population in Canada puts a drag on economic growth.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While a higher population can contribute to economic growth in some ways, it is not the sole determining factor. Canada has a highly skilled workforce, abundant natural resources, and a stable political climate, which are all important factors in economic growth. Additionally, Canada has a high standard of living and strong social safety net programs, which may not be reflected in GDP per capita but contribute to overall well-being. Therefore, while population size can impact economic growth, it is not the only or even the most important factor.

The Canadian Economy Lags Behind Other Highly Populated Countries Because