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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. Country B is a popular place for people to retire. Consequently, there has about twice as many retirees as there are in Country A. Without these immigrant retirees, ________.

▸ Country B's unemployment rate would likely be lower than Country A's unemployment rate

▸ Country A would likely have more potential workers than Country B

▸ Country B's unemployment rate would likely be higher than Country A's unemployment rate

▸ Country A would likely have fewer potential workers than Country B

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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