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plz explain thx! iii? 25 2 so Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is

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plz explain thx!

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iii? 25 2 so Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that inJanuary 2011 and every month that follows, 71 workers become unemployed for 1 month, 44 become unemployed for 2 months, 20 become unemployed for 3 months and 24 become unemployed for 9 months. a. At the steady state. what is the unemployment rate? Express your answer in percentage rounded to the nearest rst decimal. b. Using the information from the previous question, what is the average duration in months at the steady state. Round your answer to the nearest first decimal

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