1. Some Firms Struggle to Hire Despite High Unemployment (4 Marks) With about 1.5 million Canadians looking for work, some employers are swamped with job applicants, but many employers can't hire enough workers. 1What has changed in the jobs market? During the recession, millions of middleskill, middlewage jobs disappeared. Now with the recovery, these people can't find the skilled jobs that they seek and have a hard time adjusting to lowerskilled work with less pay. How would an increase in unemployment benets inuence the cost of unemployment? Would firms that seek to hire more labour nd it easier to hire workers? 2. Examine trends and uctuations in unemployment rate in Canada from 2005 to 2015. (4 Marks) 3. Why is unemployment rate never zero even at full employment? {3 Marks} INFLATION 1. What is ination? Collect last three years ination data of a country and analyze it with the help of graphs. (5 Marks) GROSS DOMESTIC PRODUCT India, with the world's largest population of poor people, created millionaires at the fastest pace in the world in 2007. India added another 23,000 more millionaires in 2007 to its 2006 23,000 more millionaires in 2007' to its 2006 tally of 100,000 millionaires measured in dollars. That is 1 millionaire for about 7,000 people living on less than $2 a day. 1. Why might real GDP per person misrepresent the standard of living of the average Indian? (2 Marks) 2. Why might $2 a day underestimate the standard of living of the poorest Indians