A slow down in the nations economic growth

What is a government solution to structural unemployment in youth?

Providing job councelling services

What does is mean when a country goes through a depression?

a prolonged period of greatly reduced economic activity

Why would companies convert to "income trusts"?

To reduce or eliminate income tax payments

What does it take to be considered unemployed?

Be over 15 years old without work

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Fun with Unemployment and Taxes --> (Adam, Kennedy, Jared, and Drayton)

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Questions 21

Answers

1
What is a recession?
a prolonged period of greatly reduced economic activity
A slow down in the nations economic growth
When the country shrinks in size
Increase in productivity and rise in employment
2
Which provinces don't pay PST?
Moscow, Russia
AB, NS, NFL, and NB
SK and AB
NB, NFL and NS
3
Where are official unemployment statistics complied?
Income Tax Reports
Following you around
Yearly Census
Labor Force Survey
4
Which provinces have HST?
Alaska
NB, NS and PEI
NB, NFL, and NS
ON, QUE
5
What is HST?
Historical Sales Tax
Harmonized Sales Tax
Hutterite Services Tax
Heritage Sales Tariff
6
What group typically pays the most taxes across the world?
Married people with 2 children
Single people with no children
Lemon tree owners
A family of 10
7
Personal income tax can be differed into what?
RESP
Cash
RRSP
Monopoly money
8
What percent do Ontario employers have to play towards the Employer Health Tax?
1.85%
76%
1.95%
3%
9
What does the unemployment rate have to be so it can be considered "full-employment"?
4 - 5%
0%
6 - 7%
-10%
10
Who won the 2018 Stanley Cup?
Washington Capitals
Saskatoon Blades
Unity AA Lazers
Vegas Golden Knights
11
Which is one of the types of unemployment?
Seasonal unemployment
McDonalds unemployment
Cyclo unemployment
Stadium unemployment
12
What event caused the number of workers to exceed the number of jobs available in the 1940s?
Prohibition
Elvis Presley's First Album
The Baby Boom
World War II
13
What is a government solution to structural unemployment in youth?
Opening up more convenience stores
Shutting down schools
Providing job councelling services
Child Labor
14
What is Saskatchewan's total tax rate?
69%
11%
5%
10%
15
What is a problem with capital investment?
It's stupid!
It flows into Canada
It's stuck in the prairies
It's flowed out of Canada
16
What does CRA stand for?
Canadian Retirement Association
Candy Rhino Apple
Revenue Canada
Canadian Revenue Agency
17
When was the Canadian federation formed?
1867
1922
2239
1876
18
What does is mean when a country goes through a depression?
a prolonged period of greatly reduced economic activity
a slow down in a nations economic growth
when a country feels sad
low employment rates but short period of time
19
What led to a dramatic change in the tax system in the 1940s?
The Baby Boom
World War II
World War I
Rocky 1 coming out
20
Why would companies convert to "income trusts"?
To increase income tax payments but also increase subsidies
To reduce or eliminate income tax payments
To eliminate the need for employees
To increase wages for employees
21
What does it take to be considered unemployed?
Between the ages of 12.6 and 13.2
Under 65
Be over 15 years old without work
Be over 18 years old without work

Fun with Unemployment and Taxes --> (Adam, Kennedy, Jared, and Drayton) Flashcards | StudBud