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What products does Canada import and Export? what is our GDP and how is it calculated?

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Mitch B

on 20 November 2012

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Transcript of What products does Canada import and Export? what is our GDP and how is it calculated?

Imports and Exports Canadian Imports Canada's main exports are: Raw materials, including logs, minerals, food (grains, cattle, fish), oil and gas. Canadian exports GDP stands for Gross Domestic Product. This can also be descibed as a country's overall output of its goods and services. GDP Calculating GDP GDP is a guide to the overall well-being of a nation Significance of GDP Calculating Canada's GDP Canada's economy continues to slowly grow. Canadas steady economic growth Canadian Imports, Exports, and GDP Import - To bring or carry in from an outside source, especially to bring in (goods or materials) from a foreign country for trade or sale. Canada's main imports are: machinery and equipment, vehicles and parts, crude oil, chemicals, electricity, durable consumer goods. There are three main ways to calculate a country's GDP.

1. How much money was spent
2. How many goods and services were sold
3. How much profit was made Canada's GDP is 1.736 Trillion dollars. Canada falls in 12th place for the worlds highest GDP. Export - To send or transport (a commodity, for example) abroad, especially for trade or sale.
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