Which of the following statements most accurately describes the amount of international trade?
A) Canadian international trade represents about 5 percent of Canadian GDP.
B) Less than 5 percent of world output is sold in a country different from the one in which it is produced.
C) The volume of international trade has grown rapidly in Canada over the past 50 years.
D) U.S. exports and imports as a percentage of GDP were much higher in 2010 than were Canadian exports and imports as a percentage of GDP.
Correct Answer:
Verified
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