In 2008, Canada Had a Current Account Surplus of Approximately

question 19

Multiple Choice

In 2008, Canada had a current account surplus of approximately $7.5 billion. This surplus implies that during that year, Canada

• A)had a debt to the rest of the world of more than $7.5 billion.
• B)experienced a capital outflow of $7.5 billion.
• C)experienced an increase in GDP of $7.5 billion.
• D)was a net borrower from the rest of the world.
• E)also had a capital account surplus.

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Definitions:

Sulfonamide

A functional group or compound containing the sulfonamide group, which is -SO2NH2, used in many drugs.

Hofmann Elimination

A chemical reaction where an amine is treated with an excess of a halogen compound to yield an alkene.

E2 Pathway

A type of bimolecular elimination reaction mechanism where a substrate undergoes deprotonation by a base, leading to the formation of a double bond and the loss of a leaving group in a single step.

E1

A type of unimolecular elimination reaction where the rate determining step involves the removal of a leaving group, forming a carbocation intermediate.