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.

Question

Quizplus · Accepted Answer

Positive net exports mean that the value of goods and services exported by Canada exceeded the value of goods and services imported by Canada. This implies that Canada had a trade surplus, which means that it sold more abroad than it purchased abroad.

In 2006,Canada Had Positive Net Exports