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The following table defines some population and employment statistics for two countries. Sweet ...

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The following table defines some population and employment statistics for two countries. Sweet ...

The following table defines some population and employment statistics for two countries.

	Sweet Country	Spicy Country
Population	500 million	510 million
Unemployment rate	4%	5%
Labor participation rate	82%	76%

Refer to the table above. The labor force is bigger in which country?

▸ Spicy Country, by about 10 million workers

▸ Sweet Country, by about 22 million workers

▸ Cannot be determined without knowing how many unemployed workers there are

▸ Cannot be determined without knowing the size of the potential work force

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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