1. What are the ‘five major types of income” ? 2. Please describe each type of income in some detail: a) what does it take, exactly, for a worker to earn a wage? b) how is interest income earned? c) how is ‘capital gain’ income earned? d) how is ‘inheritance’ income earned, exactly? e) how are social security benefits earned? f) how are private sector pensions and government employee pensions earned? g) how are unemployment insurance benefits earned?   3. Please rank each type of income on a scale from 1, contributes the most to our economy and our society, to 5, contributes the least, and defend your ranking system. 4. In your opinion, should one type of income be taxed at a higher rate than the others? Why? Should one type of income be taxed at a lower rate? If so, why?  

A company pays its salespeople on a commission basis. The salespeople are paid $200 per week plus 9% of their gross sales for that week. For example, a salesperson who sells $5000 worth of merchandise in a week is paid $200 plus 9% of $5000, for a weekly pay of $650.

Create an application that uses a for loop to input each sales person’s gross sales for the week, and calculates and displays that sales person’s weekly pay. Process one sales person’s figures at a time. In the end, print out the weekly total sales and total pay for all company salespeople. All output values should be labeled and formatted to include a dollar sign and two decimal digits (i.e., dollars and cents). Skip lines in the output to separate data for each person and to separate the totals from the individual data.

Here is a pseudocode definition of the program requirements:

Initialize variables used to accumulate company totals for sales and weekly pay

Prompt the user to enter the number of salespersons to be processed

For each salesperson

Prompt the user to enter the weekly sales for that person Calculate and display and display the weekly pay for that person

Update variables used to accumulate company totals for sales and weekly pay

Display company totals for sales and weekly pay

Here is a sample test run of the application: sales commission calculator

Enter the number of salespersons: 2

Enter sales in dollars for sales person 1: 5000

Weekly pay is $650.00

Enter sales in dollars for sales person 2: 7500

Weekly pay is $875.00

Total weekly sales: $12500.00

Total weekly pay: $1525.00

THIS IS IN PYTHON

The labour force participation rate is

Select one:

the percentage of the working-age population who are employed

the percentage of the labour force who are unemployed or employed

the percentage of the working-age population who are either unemployed or employed

the percentage of the labour force who are employed

equal to the employment rate plus the unemployment rate

Question 2

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Which one of the following people is structurally unemployed?

Select one:

a Saskatchewan welder who lost her job when her company relocated to B. C. and is currently looking for a job

a Nova Scotia fishery worker who is searching for a better job closer to home

a steel worker who is laid off but who expects to be called back soon

an office worker who has lost her job because of a general slowdown in economic activity

a student who recently graduated and is looking for work

Question 3

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If the people who take early retirement are not counted in the working-age population, then

Select one:

the unemployment rate would be lower

the labour force participation rate would be less

the unemployment rate would be higher

the labour force participation rate would be higher

the number of discouraged searchers would decrease

Question 4

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People become unemployed when they

Select one:

retire

are on maternity leave

quit working to go to university

leave college and start seeking work

become discouraged searchers

Question 5

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If the economy is at full employment, then

Select one:

the entire population is employed

the entire labour force is employed

the only unemployment is frictional unemployment plus discouraged searchers

the unemployment rate is less than 3 percent

all unemployment arises from normal frictions and structural change

Question 6

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If the economy is at full employment,

Select one:

the entire population is employed

the entire labour force is employed

the only unemployment is frictional unemployment plus discouraged searchers

real GDP equals potential GDP

all unemployment is cyclical and structural

Question 7

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In a recession, typically

Select one:

unemployment decreases

the labour force participation rate increases

the employment rate decreases

the employment rate increases.

the labour force participation rate does not change.

Question 8

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In a country with a working-age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. The size of the labour force is

Select one:

20 million

15.5 million.

14.5 million

14 million

12.5 million

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In a country with a working-age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. The unemployment rate is

Select one:

10 percent

9.1 percent

13.6 percent

18.2 percent

2 percent

Question 10

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Which one of the following people would be counted as unemployed in Canada?

Select one:

Veena is not working, but she is looking for a full-time job.

Kathy has stopped looking for work since she was unable to find a suitable job during a one-month search.

Sharon is a university student with a job.

Christos was laid off from his job a month ago and has not been looking for a new job, as he is waiting for a severance package from his former employer.

Benoit was laid off when his firm closed down two months ago and has not been looking for work, as he is going back to school.

In a hypothetical case-control study, researchers are interested in exploring the activities and behaviors of individuals at Northwestern University that may be associated with increased risk for testing positive for COVID-19.

a. What inclusion and exclusion criteria would you use? Why?

b. Define who is considered a case. How might you identify cases?

c. Carefully define who is in the control group. How might you accurately identify control individuals?

d. For the case-control study, how would you collect information on activities and behaviors?

e. Discuss how cases and controls in your study might differ, besides disease status, and how this might bias the results.

An individual can draw on many sources and types of power when trying to influence others. Describe the five sources of power: legitimate power, coercive power, reward power, referent power and expert power. In terms of project management and organizational roles, who has each of these types of power?

What are some of the risk factors in a child's ecological environment that might result in the neglect or abuse of a child? What is society's responsibility for protecting children or is this a "private matter?" In what ways can individual citizens advocate for improvement in systems that care for children who have been abused or neglected? Explain

Kyle, Casey and Kelly are the sole three workers at Becker and Joe electronics. They can each buy their insurance through the employer's firm if they want to, but each will have their wages reduced by the full premium if they choose to participate in the plan. Their personal actuarially fair premiums (AFPs) are listed below, along with the average AFPs depending on how many of them choose to participate in the insurance plan. Assume there is no moral hazard.

The insurance company observes the number of employees that buy the policy and knows the relationship between the number of buyers and the average AFP. However, the insurer cannot observe each worker’s individual AFP unless it performs a medical exam on each worker. If the insurer does not perform the medical exams, assume it charges each worker a premium equal to the average AFP given the total number of workers who buy insurance. If the insurer does perform the medical exams, assume it charges each employee a premium equal to their individual AFP.

a) Suppose medical exams are not conducted. What factors will determine whether or not Kelly will buy insurance (assume Kelly knows that if he purchases the policy, Kyle and Casey will also purchase the policy)?

b) What determines whether or not Casey would like the insurance company to conduct the medical exams?

The following table lists the weight of individuals before and after taking a diet prescribed by a weight-loss company for a month:

You may find this Student's t distribution table useful in answering the following questions. You may assume that the differences in weight are normally distributed.

a)Calculate the sample variance (s_d²) of the changes in individual weights. Give your answer to 2 decimal places.

s_d² =

b)A disgruntled customer states:

"This weight-loss company is a complete farce. All the people I know who signed up experienced no changes in their weight at all. I seriously doubt this diet has any effect whatsoever. I want my money back!"

You plan to do a hypothesis test on this claim where the hypotheses are:

H₀: the customer's claim is true and the program has no effect on weight
H_A: the customer's claim is not true and the program does have an effect on weight, whether it increases or decreases

According to the data given, you should accept, reject, not reject the null hypothesis at a confidence level of 90%.

The following table lists the weight of individuals before and after taking a diet prescribed by a weight-loss company for a month:

Weight-loss Data:

Individual: A, B, C, D, E, F

Weight Before (lb): 123.7, 128.7, 135.6, 194.9, 145.5, 162.3

Weight After (lb): 109.4, 109.7, 123.3, 186.5, 126.8, 151.5

Weight loss (lb): 14.3, 19.0, 12.3, 8.4, 18.7, 10.8

You may find this Student's t distribution table useful in answering the following questions. You may assume that the differences in weight are normally distributed.

a)Calculate the sample variance (sd2) of the changes in individual weights. Give your answer to 2 decimal places.

sd2 =

b)A disgruntled customer states: "This weight-loss company is a complete farce. All the people I know who signed up experienced no changes in their weight at all. I seriously doubt this diet has any effect whatsoever. I want my money back!"

You plan to do a hypothesis test on this claim where the hypotheses are:

H0: the customer's claim is true and the program has no effect on weight

HA: the customer's claim is not true and the program does have an effect on weight, whether it increases or decreases

According to the data given, you should accept, reject, or not reject the null hypothesis at a confidence level of 99%.