Go to Statistics Canada's website: www.statcan.gc.ca. Search for exports and imports, and answer the following questions related

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Go to Statistics Canada's website: www.statcan.gc.ca. Search for "exports and imports," and answer the following questions related to imports and exports of goods (trade data for services are generally harder to obtain).
a. For the most recent year shown, what was the value of Canada's exports to the United States? To the European Union?
b. For the same year, what was the value of Canada's imports from the United States? From the European Union?
c. Compute what economists call the "volume of trade" (the sum of exports and imports) between Canada and the United States. How has the volume of trade grown over the past five years? Has trade grown faster than national income?
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Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

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