Answer:
The GDP of Canada increased by a percentage of 47.06% from 1990 to 2020
Explanation:
In this question, we are asked to calculate the percentage by which there was an increase in the GDP of Canada between the years 1990 and 2000 in Canadian dollars.
We proceed as follows.
The percentage change can be calculated using a mathematical approach.
Mathematically, the percentage change can be represented by the formula below;
(Canadian GDP in year 2000 - Canadian GDP in year 1990)/Canadian GDP in year 1990 * 100%
In the question, we have identified the following;
Canadian GDP in the year 2000 measured in Canadian dollars is $1,000 billion
Canadians GDP in the year 1990 measured in Canadian dollars is $680 billion
We insert the above in the equation;
= (1,000-680)/680 * 100 = 320/680 * 100%
= 47.06%