The Table Below Shows the Approximate Value of Canada's Crude

question 1

Multiple Choice

The table below shows the approximate value of Canada's crude oil and natural gas exports over a 5-year period.The amounts shown are billions of dollars.
TABLE 2-7
-Refer to Table 2-7.Assume that 2009 is the base year,with an index number = 100.What is the percentage change in the value of exports of crude oil from 2012 to 2013?

• A)8.0%
• B)10.96%
• C)-8.0%
• D)9.9%
• E)-9.9%

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Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, meaning a business is not making a profit but also not incurring a loss.

Margin of Safety

The difference between actual or projected sales and the break-even sales level, used to assess risk and financial stability.

Variable Costs

Financial outlays that adjust based on the quantity of products made or the scale of sales transactions.

Fixed Costs

Business expenses that do not change in proportion to the level of goods or services that a company produces over a short term.