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4.1.7 Balance of payments

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Question 5

Annual percentage change in the value of Canadian exports and imports (nominal values), March 2021–June 2022

MonthExports (%)Imports (%)
Mar-2112.010.0
Apr-2114.511.0
May-2111.013.5
Jun-219.010.5
Jul-218.57.0
Aug-216.08.0
Sep-215.54.5
Oct-214.06.0
Nov-213.55.0
Dec-212.04.0
Jan-221.5-1.0
Feb-220.5-2.0
Mar-22-1.03.0
Apr-22-2.5-4.0
May-22-1.51.5
Jun-222.0-3.0

With reference to the table above, which one of the following statements is correct?

In the year to May 2021, the Canadian trade balance improved

In the year to October 2021, the Canadian trade balance improved

In the year to April 2022, the Canadian trade balance improved

In the year to June 2022, the Canadian trade balance worsened

4.1.7 Balance of payments Questions

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  3. /4.1.7 Balance of payments