Which of the Following Statements About Canada's International Trade in 2010

question 9

Multiple Choice

Which of the following statements about Canada's international trade in 2010 is correct?

• A)The value of Canada's imports exceeded the value of Canada's exports.
• B)The value of Canada's exports was about 45 percent of the value of total expenditure in Canada.
• C)Canada imported only goods.
• D)Canada was the world's second largest trader.
• E)Canada exported only goods.

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Definitions:

Face Value

The nominal or dollar value printed on a security, such as a bond or stock, representing its official worth at issuance.

Nominal Discount Rate

The discount rate that has not been adjusted for inflation, representing the percentage reduction in present value compared to future value.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a period, typically measured on an annual basis.

Real Dollars

Real dollars refer to the value of money after accounting for inflation, indicating the actual purchasing power of money.