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The Canadian Economy Produces Only About Half as Much Output

Question 21

Multiple Choice

The Canadian economy produces only about half as much output as the French economy,yet Canada's GDP per capita is roughly equal to that of France. This is because


A) the French accounting method computes only value-added, to avoid double- counting
B) France has twice the population of Canada
C) each Canadian worker produces, on average, about twice as much output per hour as a French worker
D) one French franc is worth two Canadian dollars
E) Canada exports about 50 % of its output to France

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