please provide detail on how to get to answer

34. "The Bank of Canada's battle to cut inflation to 2.0 percent from 5.0 percent cost the Canadian economy $105 billion in lost production, says a new study." If Canada's full employment level of output is $700 billion, what is its sacrifice ratio? a) 5 or less b) more than 5 but not more than 10 c) more than 10 but not more than 15 d) more than 15