The hypothetical data in the table below displays the percentage that unemployme

Question

The hypothetical data in the table below displays the percentage that unemployment benefits replace take-home pay for workers in different countries.

The hypothetical data in the table below displays the percentage that unemployment benefits replace take- home pay for workers in different countries Country Belgium Finland taly Australia First Year 75% 70% 54% 40% Second Year 70% 60% 50% 25% After 5 Years 61% 55% 22% 10% Noter The data cover a worker with a dependent spouse and are net rates after taking into account taxes and other means-tested benefits Which country would you expect to have the lowest long-term unemployment rate? O Italy O Finland O Australia O Belgium

Explanation / Answer

Australia

the above is the answer

because they pay very less unemployment benefits, so the workers will have to find jobs to live.

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