1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for Canada from 1985 through 1989. All values are in billions of dollars. Exports (Billions of Imports (Billions of GDP (Billions of Year $) $) $) 1985 1374 1261 486 1986 142.8 137.8 513 1987 149.9 143.3 559 1988 163.8 159.1 613 1989 168.9 168.7 658 Source: "United Nations Website (un.org)." In 1987, Canada ran a trade equal to Which of the following statements is correct? O Imports increased each year from 1985 to 1989. O Canada ran a trade deficit in 1987. O Canada ran consistent trade deficits from 1985 to 1989. O Of the years listed, Canada ran its largest trade surplus in 1989