Which of the following statements is most true when describing Canada's gross domestic product (GDP) ? (1 point) Responses Canada has a high GDP per capita and a low standard of living. Canada has a high GDP per capita and a low standard of living. Canada has a high GDP per capita and a high standard of living. Canada has a high GDP per capita and a high standard of living. Canada has a low GDP per capita and a high standard of living. Canada has a low GDP per capita and a high standard of living. Canada has a low GDP per capita and a low standard of living.

Question

Which of the following statements is most true when describing Canada's gross domestic product (GDP) ? (1 point) Responses Canada has a high GDP per capita and a low standard of living. Canada has a high GDP per capita and a low standard of living. Canada has a high GDP per capita and a high standard of living. Canada has a high GDP per capita and a high standard of living. Canada has a low GDP per capita and a high standard of living. Canada has a low GDP per capita and a high standard of living. Canada has a low GDP per capita and a low standard of living.

Answer 1

Canada has a high GDP per capita and a high standard of living.

Answer 2

The statement "Canada has a high GDP per capita and a high standard of living" is the most true when describing Canada's gross domestic product (GDP).

Answer 3

To determine the most true statement, we need to understand the concepts of GDP per capita and standard of living.

1. GDP per capita: GDP per capita is calculated by dividing a country's Gross Domestic Product (GDP) by its population. It measures the average economic output per person in a country.

2. Standard of living: Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a population in a specific geographic area.

Given these definitions, we can evaluate the statements:

- Statement 1: Canada has a high GDP per capita and a low standard of living.
- Statement 2: Canada has a high GDP per capita and a low standard of living.
- Statement 3: Canada has a high GDP per capita and a high standard of living.
- Statement 4: Canada has a high GDP per capita and a high standard of living.
- Statement 5: Canada has a low GDP per capita and a high standard of living.
- Statement 6: Canada has a low GDP per capita and a high standard of living.
- Statement 7: Canada has a low GDP per capita and a low standard of living.

Based on the information provided, Statement 4: Canada has a high GDP per capita and a high standard of living, is the most true. This suggests that Canada has a relatively high level of economic output per person, which translates into a relatively high level of wealth, comfort, and material goods for its population.