Study the following chart and then answer the questions below. Exports, imports and trade balance of goods by country or country grouping 2005 Total Exports in Smillions United States Japan United Kingdom Other EEC Countries All other countries Total Imports in Smillions United States Japan United Kingdom Other EEC Countries All other countries 2002 414,038.5 347,051.8 10,115.0 6,161.5 16,294.3 34,415 356,727.1 255,232.5 11,732.6 10,181.3 25,867.0 53,713 2003 Chart 1 399,122.1 429,067.1 328,983.3 9,799.5 7,695.3 16,423.4 36,220 Chart 2 342,709.5 240,356.3 10,645.5 9,183.0 26,001.0 2004 56,522 350,588.5 9,839.2 9,358.6 17,317.9 41,962 363,308.1 451,783.0 368,249.5 10,319.1 9,522.4 66,479 18,972.9 44,719 388,281.7 250,290.7 259,795.4 10,087.2 11,215.9 9,457.5 9,079.5 26,992.7 29,455.2 78,735 2006 455,696.5 360,963.3 10,455.3 11,559.9 21,270.4 51,447 404,394.6 264,889.2 11,882.5 9,543.0 32,494.7 85,585 Trade Balance in Smillions United States Japan United Kingdom Other EEC Countries All other countries 57,311.4 91,819.3 -1,617.6 -4,019.8 -9,572.7 Chart 3 56,412.6 65,759.0 88,627.0 100,297.8 -846.0 - 248.0 -1,487.7 - 98.9 -9,577.6 - 19,298 - 20,302 EEC stands for European Economic Community Adapted from Statistics Canada Questions 63,501.3 -24,517 108,454.1 -896.8 442.9 -9,674.8 -10,482.3 - 34,016 51,301.9 96,074.1 -1,427.2 2,016.9 -11,224.3 - 34,138 1. What is the overall Balance of Trade for Canada for the year 2006? (1 mark) 2. Based on our Current Balance of Trade surplus, will the Canadian currency increase or decrease (based only on the data presented)? Explain your answer. (2 marks) 3. What percentage of our Canadian total exports went to the United States in 2006? Show your calculations. (2 marks) 4. In 2006, what percentage of Canadian total imports came from the United States? Show your calculations. (2 marks) 5. Did Canada have a surplus or deficit in our balance of trade with the United States? Explain your answer. (2 marks) 6. What was the Balance of Trade between the United Kingdom and Canada in 2006? (1 mark)