Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Back to Assignment Attempts I I Average / 2 1. Imports, exports, and the trade balance The following table shows the approximate value of exports
Back to Assignment Attempts I I Average / 2 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. Year Exports (Billions of $) Imports (Billions of $) GDP (Billions of $) 1985 137.4 126.1 486 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 V equal to V . Which of the following statements is correct? Of the years listed, Canada ran its largest trade surplus in 1989. ' ' Canada ran a trade decit in 1987. Back to Assignment Attempts I I Average / 2 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. Year Exports (Billions of $) Imports (Billions of $) GDP (Billions of $) 1985 137.4 126.1 486 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 V equal to V . Which of the following statem M rect? ' Of the years listed, its largest trade surplus in 1989. ' ' Canada ran a trade decit in 1987. 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. Year Exports (Billions of $) Imports (Billions of $) GDP (Billions of $) 1985 137.4 126.1 486 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? $143.3 billion $6.6 billion Of the years listed, Canada ran its largest tr 989. $149.9 billion Canada ran a trade deficit in 1987. $7.1 billion Imports increased each year from 1985 to 1 Canada ran consistent trade deficits from 1985 to 1989.Year Exports (Billions of $) Imports (Billions of $) GDP (Billions of $) 1985 137.4 126.1 486 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 V equal to Which of the following statements is correct? Of the years listed, Canada ran its largest trade surplus in 1989. Canada ran a trade deficit in 1987. Imports increased each year from 1985 to 1989. Canada ran consistent trade deficits from 1985 to 1989. Grade It Now Save & Continue Continue without saving
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started