In 2006,Canada Had Positive Net Exports

question 136

Multiple Choice

In 2006,Canada had positive net exports.What does this fact imply?

• A) Canada sold more abroad than it purchased abroad and had a trade surplus.
• B) Canada sold more abroad than it purchased abroad and had a trade deficit.
• C) Canada bought more abroad than it sold abroad and had a trade surplus.
• D) Canada bought more abroad than it sold abroad and had a trade deficit.

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Definitions:

State And Local Taxes

Various forms of taxation imposed by state, regional, and local governments, including income, sales, property, and other taxes.

Progressive

A tax system in which the tax rate increases as the taxable amount increases, often aimed at reducing income inequality.

Payroll Taxes

Contributions required from employers and their workers, determined as a portion of the payroll expenses incurred by the employer.