The table below shows data regarding Germany's labor market
Year Labor Force
(millions) Number of Employed
(millions) Population
(millions)
2006 43.7 39.01 82.3
2007 43.7 39.06 82.2
2008 43.6 39.8 82.1
The data show that Germany's unemployment rate between 2007 and 2008
A) increased.
B) decreased
C) stayed the same.
D) cannot be determined because the population decreased.
B
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Xenonia has a larger supply of labor than Techland. If the labor supply in both the countries increases by the same amount while their capital stocks remain unchanged, ________
A) the increase in Techland's output will be more than the increase in Xenonia's output B) the increase in Xenonia's output will be more than the increase in Techland's output C) Xenonia's income per capita will decrease while Techland's income per capita will increase D) Xenonia's income per capita will increase while Techland's income per capita will decrease
When there are two large open economies, the world real interest rate will be such that
A) desired international lending by one country equals desired international borrowing by the other country. B) desired international lending will be the same in both countries. C) desired international borrowing will be the same in both countries. D) desired international lending and borrowing will be zero in both countries.