Most Canadian provinces have 8 paid holidays per year. If the number of paid holidays increased, it is likely that real GDP would ________ and well-being would ________.

Question

Quizplus · Accepted Answer

Increasing paid holidays would likely decrease real GDP as there would be fewer working days, reducing overall economic output. However, well-being would likely increase as individuals have more leisure time and opportunities to rest and engage in personal activities.

Most Canadian Provinces Have 8 Paid Holidays Per Year