Describe Financial Impacts on postsecondary students in Canada.
Describe Financial Impacts on postsecondary students in Canada.
July 16, 2020 Comments Off on Describe Financial Impacts on postsecondary students in Canada. Uncategorized Assignment-helpRead the link: https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00016-eng.htmAbstract: ” Many postsecondary students rely on summer jobs or on working during their studies as a major source of income. The job loss and reduction in job opportunities resulting from the COVID-19 pandemic have had a particularly strong impact on students. According to the most recent Labour Force Survey results, among students aged 20 to 24, the employment rate fell by 23.6 percentage points, from 52.5% in February 2020 to 28.9% in April 2020.”In this week’s discussion, tell us (based on the attached article from Statcan), how do you believe the economic crisis in Canada will affect your life as students in Canada, How do you think the government could help (actions, examples), and how can we prepare to face the negative predictions in the short and long run scenarios?Whenever possible, relate your own predictions to the the 3 Macroeconomic goals (GDP, inflation, and unemployment) discussed in the course and other topics covered in modules 7-8 (aggregate demand/aggregate supply, recessionary gap/inflationary gap) and other economics sources of your choice.