Which statement best describes the evolution of the Canadian economy over the past decades?
A) Real GDP grew on average about 3 percent per year from 1970 to 2014.
B) Real GDP was approximately constant over the past decades.
C) The growth of real GDP has been steady over time.
D) There were no recessions over the period 1970 to 2014.

Question

Quizplus · Accepted Answer

Real GDP in Canada has grown on average about 3 percent per year from 1970 to 2014, indicating a steady increase in economic output over time. This growth rate has, however, been impacted by economic cycles and occasional recessions.

Which Statement Best Describes the Evolution of the Canadian Economy