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e. At the steady state. what is the proportion of unemployed workers in each duration group {1 month. 2 month. 3 months and 15 months)?
e. At the steady state. what is the proportion of unemployed workers in each duration group {1 month. 2 month. 3 months and 15 months)? Express your answers in percentage rounded to the nearest rst decimal. '1 month: II Er 'p 2 month: II o' 31 3 month: II g E :5 iie o The following question has 5 parts (a.e.}. parts b. to e. will be revealed after submitting your answer by hitting "verify\" on the preceding sections. Suppose the labour force of an economy is equal to 1.000 and the unemployment on December 201 D is 0. Then. suppose that in January ZU'I'I and every month that follows. 52 workers become unemployed for 1 month. 56 become unemployed for 2 months. 31 become unemployed for 3 months and 13 become unemployed for 'i 5 months. a. When will the economy reach its steady state? Month: January " 0 Year: 2012 - 0 b. At the steady state. what is the unemployment rate? Express your answer in percentage rounded to the nearest rst decimal. 32.7 0 E: 45. 2 a c. At the steady state. what is the incidence? Express your answer in percentage rounded to the nearest rst decimal. 15.2 0
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