Over the Past 50 Years,what Has Happened to Canadian Imports

question 89

Multiple Choice

Over the past 50 years,what has happened to Canadian imports as a percentage of GDP?

• A) They have approximately stayed constant.
• B) They have approximately doubled.
• C) They have approximately tripled.
• D) They have approximately quadrupled.

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Definitions:

Interest Rates

The expense incurred when taking out a loan, usually represented as a yearly percentage rate of the principal amount.

Quantitative Easing

Fed purchases of long-term assets to stabilize financial markets, reduce long-term interest rates, and improve the investment environment.

Long-Term Assets

Long-term assets are resources owned by a company projected to provide economic value for more than one fiscal year, such as real estate, machinery, and patents.

Interest Rates

The cost of borrowing money or the return on investment for savings, playing a central role in monetary policy and financial decision-making.