Canadian GDP Shrank in the First Half of 2016

Multiple Choice

Canadian GDP shrank in the first half of 2016. Some of this fall in GDP was blamed on the forest fires that forced the evacuation of Fort McMurray. Why would a forest fire reduce GDP?

A) the fires caused oil production in the region to shut down.
B) the fires destroyed many homes and the loss of savings reduces GDP.
C) the clean up effort after the fire caused an increase in employment.
D) the evacuated people had to spend extra money on things they won't normally have bought, like hotel rooms.
E) the fires destroyed some of Fort McMurray's infrastructure which will now have to be rebuilt.