Which of the Following Statements Concerning Gross Flows and Net

question 10

Multiple Choice

Which of the following statements concerning gross flows and net flows is true?

• A) Only gross flows are relevant for determining the unemployment rate
• B) If the net flow is zero, then the gross flow is zero
• C) Gross flows are typically smaller than net flows
• D) Net flows take account of workers moving in both directions between labour market states
• E) In a steady state, gross flows are equal to zero

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Definitions:

Union's Manpower

Refers to the total number of soldiers, workers, and other personnel available to the Union (the Northern states) during the American Civil War for military and labor purposes.

Confederacy

The government formed by the southern states that seceded from the United States in 1861, leading to the American Civil War.

Thirteenth Amendment

The amendment to the United States Constitution that abolished slavery and involuntary servitude, except as punishment for a crime.

Abolished Slavery

The act of formally ending the practice of enslaving people, making it illegal to own slaves.