Answer to Question #202888 in Macroeconomics for Maaritza

Question

Which of the following statements can (can) cause an increase in the standard of living in Canada?

 A. A federal budget with a surplus (surplus).
 B. An increase in productivity.
 C. A decline in the population.
 D. An increase in the GDP deflator.
 E. Lower taxes.
 F. An increase in nominal GDP.
 G. An increase in real GDP.
 H. An increase in the minimum wage.

Answer 1

the correct answers are:

B. An increase in productivity.

C. A decline in the population.

E. Lower taxes.

G. An increase in real GDP.

H. An increase in the minimum wage.