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Why Might the Slower GDP Growth from 1995 to 2014

Question 105

Multiple Choice

Why might the slower GDP growth from 1995 to 2014 experienced by Canadians not mean standards of living are rising more slowly than in the past?


A) Increases in the welfare payments have increased.
B) The benefits of many technological improvements aren't captured by GDP.
C) Falling oil prices mean gasoline is cheaper.
D) The falling environmental standards of the period meant Canadians traded a clean environment for GDP.
E) Fewer Canadians participated in the labour force during that period than in previous periods.

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