Which of the Following Statements About Canada's International Trade in 2013

question 26

Multiple Choice

Which of the following statements about Canada's international trade in 2013 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:

Population Variance

A measure of the dispersion or spread of a population dataset, calculated as the average of the squared differences from the population mean.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

Sample Variance

A measure of variability or spread in a sample dataset, indicating how much the individual sample points deviate from the sample mean.

Critical Value

The threshold value that a test statistic must exceed to reject the null hypothesis in a statistical test, determined by the significance level of the test.