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What is the new labor force

Assignment Help Macroeconomics
Reference no: EM131114860

Use the following data:

Discouraged Workers

1 million

Unemployed

5 million

Working-Age Population

19 million

employed

11 million

Total Population

24 million

Suppose the economy worsens and 2 million more people become discouraged. Then, what is the new labor force, ceteris paribus?

1. 14 million

2. 15 million

3. 16 million

4. 17 million

5. 18 million

Reference no: EM131114860

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