The growth of real GDP per person in Canada between 1961 and 2010 was the result of

Question

Quizplus · Accepted Answer

The growth of real GDP per person is measured by calculating the total output of goods and services in the economy, adjusted for inflation, and dividing it by the total population. The growth of real GDP per person can be attributed to both growth in average labour productivity and the share of the population employed. As the average productivity of workers increases, output per person also increases. As more people are employed, the economy can produce more output. Therefore, both factors contribute to the growth of real GDP per person in Canada between 1961 and 2010.

The Growth of Real GDP Per Person in Canada Between