In an attempt to alleviate financial stress on Canadians, the Federal is considering two proposals: Government a. Subsidizing minimum wage earners-that is, using federal funds to 'top up' minimum wage, effectively increasing it by 33%. (NOTE: this is similar to current proposals to raise minimum wage to a (higher) 'livable' wage). b. Reducing Federal income tax by a flat rate of 5% - so every Canadian who paid taxes would get back 5 cents for every dollar of taxed income. (NOTE: this is closely related to economic policies promoted by conservative governments - including Harper in Canada, Trump in the US, and Johnson in the UK). The 'Stimulus Impact' columns of IncomePercentiles.xlsx will help you estimate the effect of these proposals on cumulative income-just copy a column from the 'Income Data' section, and paste it into the 'Original Income' cells. In addition to showing the new income data, you'll see how much the proposal will cost the Federal Government (per capita-so $/Canadian citizen)- either in $ spent on low income workers, or tax income lost. i. What is the cost/capita for implementing each proposal? (1pt) ii. Calculate the impact of BOTH proposals on Canada's Coefficient. (2pts) Prepare an argument: which proposal should the Federal Government choose? a. CLAIM (2pts): b. REASON (4pts): C. EVIDENCE (4pts): 1. d. WARRANT (2pts):