Chapter 11 Flashcards
0
Q
What is the group of eight(G8)?
A
An informal group of eight major industries
eg:Canada, France, Germany, Italy, Japan, Russia, United Kingdom(UK), United States(US)
1
Q
What is the gross domestic production(GDP)?
A
The total value of goods and services produced in a country in a calendar year
GDP = consumption + government expenditures + investment + exports - imports
2
Q
What is the Canadian international development agency(CIDA)?
A
The government agency responsible for administering foreign aid programs in less developed countries
