How Has International Trade Involving Canada Changed Over...

How has international trade involving Canada changed over the 50 year period in the graph? The graph had shown that over the 50 year period, the value of imports and exports had drastically increased, showing that there was an increase in imports and exports. 2. a) How have the changes in Canadian exports and imports been different? The changes in Canadian exports and imports had been, different in the sense where they had increased, evidently the value of the imports and exports had increased. b) How would this affect Canada’s trade balance (Trade balance = Exports – Imports) Canada’s trade balance would have been a positive number indicating that more exports than imports were made. c) What does this information allow you to†¦show more content†¦This is because, the exports and imports had risen drastically which benefitted the economy. The government could use this to their advantage and implement what had caused the stunted GDP growth, in scenarios where the economy may be lacking or unstable. 4. Conduct independent research to find out what the difference is between primary, secondary, and tertiary industries and give an example of each type of industry. Primary Industry: Extraction of raw materials (ex. mining) Secondary Industry: Manufacturing sector (ex. car manufacturing plant) Tertiary Industry: Offering goods and services to consumers (ex. grocery store) 5. Describe Canadian investment in other countries just after World War II. After World War 2, Canadian investment in other countries had been approximately 10% into primary industry, 30% into secondary industry, and 60% into tertiary industry. 6. In the next 25 years, how did things change? In the next 25 years, Canadian investment overseas was attributed to around 25% into primary industry, 55% in secondary industry, and 20% in tertiary. 7. Which types of industries saw the biggest change from 1950 to 1974? Tertiary and secondary industries saw the biggest change from 1950 to 1974. The tertiary industry going from 60% to 20% in Canadian investment abroad, and the secondary industry going from 30% to 55%. 8. By 2000, how had things changed in