According to Statistics Canada, Canada's exports and imports of energy (combined totals of fossil fuels, hydro, and

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According to Statistics Canada, Canada's exports and imports of energy (combined totals of fossil fuels, hydro, and nuclear, all measured in petajoules) over a five-year period were as follows:

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a. Using 2005 as the base year, construct index numbers for each of exports and imports.

b. Were exports or imports more volatile over this time period? Explain how you know.

c. Using your constructed index numbers, what was the percentage change in exports and imports from 2007 to 2009?

d. Can you provide a possible explanation for why Canada's exports of energy fell so dramatically from 2007 to 2009?

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Macroeconomics

ISBN: 9780133910445

15th Edition

Authors: Christopher T S Ragan

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