Canadian Net Export Spending Rises When

question 105

Multiple Choice

Canadian net export spending rises when

• A)the price level in Canada rises relative to the price level in other countries.
• B)the growth rate of Canadian GDP is faster than the growth rate of GDP in other countries.
• C)the value of the Canadian dollar increases relative to other currencies.
• D)the inflation rate is higher in Canada relative to other countries.
• E)the Canadian economy become more open to international trade.

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Definitions:

Golf Courses

Facilities equipped with a series of holes, landscapes, and obstacles designed for the game of golf, where individuals can play rounds of golf.

Movie Theaters

Places where films are shown publicly for entertainment, typically featuring large screens and a ticket-based entry.

Normal Goods

Goods for which demand increases as the income of consumers increases, and falls when income decreases.

Income Elasticity of Demand

An indicator showing the responsiveness of the amount of a product that customers want to buy to variations in their income levels.