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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