About $48\%$ of Canada's wealth is held by the richest $10\%$ of the population. Approximately

what percent of Canada's wealth is held by the poorest $50\%$ of the population?

a$)1\%$

b$)5\%$

c$)10\%$

d$)25\%$

$8)$ Okun's Law states that for every percentage point by which the unemployment rate exceeds

the natural rate, $\_\_\_\_\_\_\_\_$ of actual GDP will be lost.

a$)1\%$

b$)2\%$

c$)5\%$

d$)10\%$

$9)$ All things being equal, when suppliers become willing to charge less, what happens to

consumer surplus?

a$)$ Consumer surplus remains unchanged

b$)$ Consumer surplus decreases

c$)$ Suppliers go out of business

d$)$ Consumer surplus increases