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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. Assume there are 150 million students, elderly, or children in Sweet Country. There are about 11 million unemployed people. How many people are discouraged or are not looking for work even though they do not have a job and could work?

▸ About 23 million people

▸ About 50 million people

▸ About 6 million people

▸ About 10 million people

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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