According to Statistics Canada, Canadas exports and imports of energy (combined totals of fossil fuels, hydro, and

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According to Statistics Canada, Canada’s exports and imports of energy (combined totals of fossil fuels, hydro, and nuclear, all measured in petajoules) over a five-year period were as follows:

Year	Exports	Imports
2012	11 225	3706
2013	11 687	3550
2014	11 821	3262
2015	12 219	3447
2016	12 507	3659

a. Using 2012 as the base year, construct index numbers for each of exports and imports.

b. Were exports or imports more volatile over this time period? Explain how you know.

c. Using your constructed index numbers, what was the percentage change in exports and imports from 2014 to 2016?

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Microeconomics

ISBN: 9780134835839

16th Canadian Edition

Authors: Christopher T.S. Ragan

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Question Posted: Feb 21, 2020 07:07 AM

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According to Statistics Canada, Canadas exports and imports of energy (combined totals of fossil fuels, hydro, and

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a Using 2012 as the base year for an index number requires that we divide the value of exports and i...View the full answer

Microeconomics

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