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a) Consider the following flows (in thousand of people) between the various labour market states in a particular month:

UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000; ENLF = 280 000; NLFE = 250 000, where U indicates the state of unemployment, E the state of employment and NLF being not in the labour force..
(i) What is the change in the number of unemployed people in this particular month?
(ii) What is the change in the number of employed people in the same period?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9501835

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