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The following table compares labor statistics for two countries.Country ACountry BLabor force300 ...

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The following table compares labor statistics for two countries.Country ACountry BLabor force300 ...

The following table compares labor statistics for two countries.

	Country A	Country B
Labor force	300 million	350 million
Potential workers	430 million	430 million
Employed workers	285 million	325 million

Refer to the table above. What is TRUE about the number of unemployed workers in Country A relative to Country B?

▸ There are more unemployed workers in Country A.

▸ There are more unemployed workers in Country B.

▸ The number of unemployed workers is equal in Countries A and B.

▸ It is not possible to determine which country has more unemployed workers without knowing the unemployment rate.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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