1 Net exports is calculated by subtracting imports and exports. What factors would affect net exports?

2.A country can calculate its trade balance with another country by subtracting imports from that country from exports to that country.A trade balance can also be calculated for a country in comparison to the rest of the world. Using the data in the case, what is the trade balance between Canada and the U.S.? Canada and China? Canada and Mexico?

3.Conduct some external research and determine the trade balance between Canada and the rest of the world (just 1 calculation) for the most recent year you can get data. Make sure you cite all sources.

4.The world is more interconnected than ever before. According to the data in the case, Canada does not have a large trade volume with India (exports to India of $3.31B and imports of $3.96B), one of Canada's main trading partners, China, does have a healthy trade volume with India. Why would Canada be concerned about the health of India's economy?

5.Canada has a number of trade agreements with countries and trading blocs around the globe. How do trade agreements foster increased trade?