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Increases in Real GDP Since 1961 Can Actually Underestimate Growth

Question 18

Multiple Choice

Increases in real GDP since 1961 can actually underestimate growth in the standard of living for Canadians because


A) the level of pollution in 1961 was much higher than it is today.
B) the crime rate was higher in 1961 than it is today.
C) goods and services are more expensive today as compared to 1961.
D) the quality of health care that exists today was not available in 1961.
E) fewer women participated in the paid labour force in 1961.

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