Question

All of the following are examples of a flow EXCEPT

A.the current unemployment rate.

B.an individual who voluntarily leaves the labor force.

C.a person who is fired from a job.

D.a new entrant into the labor force

Answer 1

Option A.

• All of the above are the examples of a flow except the current unemployment rate as it is not measured over a specified interval.
• Flows measures the proportion of any variable for a specific time interval.
• Unemployed Individuals might include those who are laid out, dropped out of labour force, new entrants or re-entrants.
• They can be broadly classified into two :- inflow and outflow of unemployed.
• An individual who voluntarily leaves the labour force, a person who is fired from a job belong to the category of outflow while a new entrant who joins the labour force belongs to the category, inflow of unemployed.