1. Suppose EEJDDD persons become unemployed. You are given the following data about the length of unemployment spells in the economy: Duration of Spell Ezitata lin monthsl 1 [LED 2 [LED 3 0.212} 4 [LED 5 [LED 5 1.12112} where the exit rate for month t gives the fraction of unemployed persons who have been unemployed t months and who "escape" unemployment at the end of the month. {a} HowI many unemploymentmonths will the Ed unemployed workers expedenoe? {oi 1ll'll'hat fraction of persons who are unemployed are "longterm unemployed" in that their unemployment spells will last 5 or more months? lei What fraction of unemployment months can be attributed to persons who are longterm unemployed