What will happen to gdp in germany

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Reference no: EM13210290

Due to the problems in countries such as Spain, Italy and Greece; Germany had (and is having) an inflow of workers looking for jobs (and better conditions) from these countries. Due to the unfavorable economic conditions in their own countries these workers are often willing to work for lower salaries than German workers. Assuming that a high number of immigrant workers are already part of the labor force of Germany, answer the following questions. (You can use Germany and only one of the other countries in your answers)

a) What will happen to the unemployment in Germany and the other countries if Germany decided to exit the EURO zone, deport all non-German workers and make it illegal to hire non-German workers in Germany?

b) What will happen to GDP (production) in Germany and in the other countries?

Reference no: EM13210290

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