In 2016,the $481 Billion Deficit on the Canadian Current Account

question 153

Multiple Choice

In 2016,the $481 billion deficit on the Canadian current account was offset by a surplus of $406 billion on financial account.This difference is the result of a:

• A) budget deficit.
• B) statistical discrepancy.
• C) trade deficit.
• D) national debt.

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Definitions:

Simple Moving Average

A mathematical method used in finance and economics to calculate the average of a selected range of prices or quantities over a specific period of time.

Exponential Smoothing

Exponential smoothing is a forecasting technique that applies decreasing weights to past observations, with more recent data given more significance.

Holt's Method

A forecasting technique that extends exponential smoothing to capture trends in historical data, used in time series analysis.

Effective Forecasting

The process of predicting future trends, demand, and events accurately using historical data, statistical models, and market analysis to inform decision-making.