Which of the Following Would Result in Positive Net Exports

question 62

Multiple Choice

Which of the following would result in positive net exports for Canada?

• A)Exports of goods = $725 billion Imports of goods = $790 billion
• Exports of services = $350 billion
• Imports of services = $260 billion
• B)Exports of goods = $625 billion Imports of goods = $625 billion
• Exports of services = $300 billion
• Imports of services = $375 billion
• C)Exports of goods = $550 billion Imports of goods = $575 billion
• Exports of services = $275 billion
• Imports of services = $300 billion
• D)All of the above will result in a trade surplus.

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Definitions:

Predictive Statistics

A branch of statistics focused on analyzing current and historical data to make predictions about future or otherwise unknown events.

Historical Data

Data collected from past events and time periods, used to analyze trends, forecast future occurrences, or serve as benchmarks.

Forecast

The process of making predictions based on past and present data trends, commonly used in weather, economic, and business planning contexts.

Population

The entire group of individuals or items that is the subject of a statistical study.