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unrendezvous unrendezvous
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Posts: 140
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A year ago
The following table compares labor statistics for two countries.

Country ACountry B
Labor force300 million350 million
Potential workers430 million430 million
Employed workers 285 million325 million

Refer to the table above. How would an increase in the unemployment rate of 1 percent affect the labor force in Country A?

▸ It would not affect the size of the labor force in Country A.

▸ It would decrease it to 297 million workers.

▸ It would increase it to 303 million workers.

▸ It would decrease it by less than 1 million workers.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Jessicav1126Jessicav1126
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A year ago
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