1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for Canada from 1922 through 1926. All values are in billions of dollars. Year Exports (Biilions of 5) Imports {Billions of $) GDP (Billions of $) 1922 23.8 22.8 110 1923 29.9 28.0 129 1924 32.8 32.5 154 1925 39.9 42.0 124 1926 44.3 45.2 200 Source: \"United Nations Website (un.org)." In 1922, Canada ran a trade 7 equal to V . Which of the following statements is correct? 0 Canada ran consistent trade surpluses from 1922 to 1926. O of the years listed, Canada ran its largest trade surplus in 1924. O Canada ran a trade decit in 1922. 0 Exports increases each year from 1922 to 1926. In 1972, Canada ran a trade equal to Which of the following statem surplus rect? deficit O Canada ran consiste urpluses from 1972 to 1976. O Of the years listed, Canada ran its largest trade surplus in 1974. Canada ran a trade deficit in 1972. Exports increases each year from 1972 to 1976.In 1972, Canada ran a trade equal to $1.5 billion Which of the following statements is correct? $23.8 billion O Canada ran consistent trade surpluses from $1.0 billion O Of the years listed, Canada ran its largest t 1974. $22.8 billion O Canada ran a trade deficit in 1972. O Exports increases each year from 1972 to 1976