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