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Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 ...

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Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 ...

Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.

Refer to the scenario above. Which statement is TRUE about Country Y?

▸ The labor force participation rate is about 94 percent.

▸ About 188 million people have a job.

▸ About 212 million people are considered potential workers.

▸ There are fewer than 200 million potential workers.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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