Please help with explanations

1. Use your knowledge of the bathtub model of unemployment to estimate what the steady state level of unemployment would be for the US and Spain if separation rate F; = 0.01 for both countries, but due to strict hiring and ring labor market regulations the nding rate for Spain gs}: 2 0.09 is much lower than the US fig/1 = 0.24. 2. Suppose your friend wants your advice on whether or not to go to college. They think that if they pay $100 thousand a year to attend college for the next four years, then over the following forty-six years, they will earn an average salary of $70 thousand a year with a discount rate of 0.05. If they do not attend college, then they can earn $50 thousand a year for the next fty years with a discount rate of 0.1