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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. 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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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Jessicav1126

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unrendezvous Author

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