Which of the following statements about Canadian gross domestic product (GDP)is NOT true?
A)Canada exports over 35% of GDP, making it an important trading nation.
B)The three largest importers of Canadian goods and services are the United States, Japan and the European Union (EU).
C)Canada's gross domestic product is valued at over $1.75 trillion.
D)Canada exports over 50% of GDP, making it an important trading nation.

Question

Quizplus · Accepted Answer

The statement that Canada exports over 50% of GDP is not true. As of 2019, Canada's exports accounted for approximately 32% of its GDP, according to Statistics Canada.

Which of the Following Statements About Canadian Gross Domestic Product