The graph below plots out the current account and goods and services balance (trade account) for Canada from the early 1960s to 2017. Percentage of GDP 6- 4 2 ~ B. Canada -4 Goods and services balance Current account balance 2015 Consider the following statements: 1. For a brief period of a few years in the mid-1970s, Canada went from a net exporter to a net importer. II. For most of the 1980s, Canada was both a net exporter AND a net lender. III. From about 2000 to about 2008, Canada was both a net exporter AND a net lender. IV. Since about 2010, Canada has been a net borrower. Identify which of these statements, any, are valid based on the graph. II and IV. II, III, and IV. I and II. O I, II, III, and IV. I only. II and III. O I, III, and IV.