Answer Happy

If the Canadian dollar loses value against the US dollar, what would happen to Canada's net exports to the US? They are likely to increase. They will remain the same. They are likely to decrease. There is no relationship between the exchange value of a currency and net exports.
In year 1, the real GDP is $838 billion and the GDP deflator is 261.3. In year 2, the nominal GDP is $2299.5 billion and the GDP deflator is 271.7. What are the growth rates (rounded to the nearest percent) of the nominal and real GDP between years 1 and 2? 1% and 5%, respectively 5% and 1%, respectively 5% and 4%, respectively 1% and 4%, respectively