D. The cost of Social Security has dropped in recent years.
To solve for the first question you do $6500*0.3 which will give you $1950. 30% is the max in all situations.
The second half you do $6500*.38= 2470 then subtract the 800 from there which will give you $1670.
How much money it took to make the product/expenses
Answer:
There is no Cyclical Unemployment in Canada currently.
Explanation:
Labour Force Participation Rate is the proportion of people between working age group, currently working or seeking for job.
If Canada's population = 30 million people, labour force participation rate = 2/3rd. Then, people doing or seeking job in Canada = 2/3 (30) = 20 million.
Unemployment is when people able & willing to do job (labour force participants) don't get job.
Unemployment rate is determined as percentage of people from the labour force, unable to get a job. Here, = (1.4 / 20 ) x 100 = 0.07 i.e 7%
So, we can say that Canada's current unemployment is only natural (structural & fictional unemployment). There is no cyclical unemployment.
