Suppose we know the following information about the labour market.Over a one-month period: -total number of previously unemployed workers that found jobs = 150 000
-total number of previously employed workers that became unemployed = 150 000
During this month the gross flow into unemployment was ________ and the net flow into unemployment was ________.

Question

Quizplus · Accepted Answer

The gross flow into unemployment is 150,000, representing the total number of previously employed workers that became unemployed. The net flow into unemployment is zero because the number of workers finding jobs (150,000) equals the number of workers becoming unemployed (150,000), resulting in no net change in unemployment.

Suppose We Know the Following Information About the Labour Market