1A. Statistics for the 11 months ending 11/30/04:
Canada $172.8 billion in imports to the U.S.A.
Canada $172.8 billion in exports from the U.S.
1C. For the first 11 months of 2004, the following data is
Canada $62.3 billion current account surplus
The value of foreign holdings of U.S. securities, by major investing country, as of June 30, 2003 is shown below. Given the size of their investment, it is fair to assume that each of these nations continued to buy U.S. securities in 2004:
2A. On January 1, 2004 1 US Dollar = 0.79517 Euro meaning the Euro (EUR) = 1.25760 US Dollars. On January 25, 2005, 1 US Dollar = 0.76576 Euro meaning 1 Euro (EUR) = 1.30590 US Dollars. This means that the dollar has weakened by approximately 2 percent
2B. January 1, 2004 1 US Dollar = 107.400 Japanese Yen meaning 1 Japanese Yen (JPY) = 0.009311 US Dollars. On January 25, 2005 1 US Dollar = 102.620 Japanese Yen meaning that 1 Japanese Yen (JPY) = 0.009745 US Dollar. This means that the U.S. dollar has weakened by 4.5 percent against the dollar.
2C. A devaluation of the U.S. dollar relative to the Euro and to the Yen has as positive impact on U.S. exports because it makes them less expensive to buyers in the European Monetary Union, and in Japan.
2D. A weakening U.S. dollar has a positive impact on the current account deficit because the dollar value of imports and exports is a large component of the current account, and since a deval
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