Suppose We Know the Following Information About the Labour Market

question 76

Multiple Choice

Suppose we know the following information about the labour market.Over a one-month period: -total number of previously unemployed workers that found jobs = 500 000
-total number of individuals that became unemployed = 500 000
During the same month the unemployment rate increased from 7.1% to 7.3%.It must be the case that

• A)the population increased during that month.
• B)the population decreased during that month.
• C)a certain number of people entered the labour force during that month.
• D)the gross flow and the net flow into unemployment are equal.
• E)a certain number of people left the labour force during that month.

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Definitions:

Contract For A Necessary

An agreement to supply goods or services that are essential for an individual's health or welfare, often enforceable even when entered by minors.

Basic Needs

Essential requirements for humans to survive and maintain health, typically including food, water, shelter, and clothing.

Voidable

describes a contract or transaction that is valid and enforceable on its face, but may be deemed void by one or more of the parties due to certain conditions.

Disaffirm

The act of rejecting, denying, or voiding a contract or agreement, especially one entered into by a minor or under conditions that render it voidable.