Suppose that last week 100,000 people lost their jobs or quit. We can say that

Question

Quizplus · Accepted Answer

The 100,000 people who lost their jobs or quit represents a flow of job departures. This is because it is a measure of the number of people who left their jobs in a given period of time (last week), rather than a stock of people who are currently unemployed. Option A is incorrect because it assumes that all 100,000 people are now unemployed, which may not necessarily be the case. Option B is also incorrect because quitting a job does not necessarily mean that a person is no longer employed or unemployed. Option D is incorrect because the 100,000 people are not a stock of new unemployed people, but a flow of people who left their jobs in a given week.

Suppose That Last Week 100,000 People Lost Their Jobs or Quit