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Scenalle 3 Suppose 59,000 indivauste are unemploged in a certain econorry. You are given the following data about tho longth of unerriloyment spelis and prodablity

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Scenalle 3 Suppose 59,000 indivauste are unemploged in a certain econorry. You are given the following data about tho longth of unerriloyment spelis and prodablity of witing unemployment in the bcororif In the table above, the ecit rate for tronth f gives the fraction of unemployed persons who have boen unemplayed for t months who "escape" unemployment at the end of the month. For instance. if the exit rate in morhh 1 is 01 , that means 10 s of the unemployed thid idcuals ad escape unemployment after one month but the ocher 90 s wili remain unerpiloyed and move into at tocond month of veroployment. Question 12 4 pts Refer to Scenaria 3. How maify unemployment monthe will the 50,000 unemployed workers expenence in totalp fle. Bomeone who is unemployed for 6 months will count as 6 unernoioyment months, whereas someone who is unemplojed for 1 month will count as one unemployment monthy Question 13 Refer to scenario 3. What percentage of persons who are unwmployed are long term unemployed" ia that theit unenployment spells will last 5 or mere months? Question 14 Actor to scensiio 3. What percentage of uncmployment manths can be attributed to persons who ace lang-term themployed? Scenalle 3 Suppose 59,000 indivauste are unemploged in a certain econorry. You are given the following data about tho longth of unerriloyment spelis and prodablity of witing unemployment in the bcororif In the table above, the ecit rate for tronth f gives the fraction of unemployed persons who have boen unemplayed for t months who "escape" unemployment at the end of the month. For instance. if the exit rate in morhh 1 is 01 , that means 10 s of the unemployed thid idcuals ad escape unemployment after one month but the ocher 90 s wili remain unerpiloyed and move into at tocond month of veroployment. Question 12 4 pts Refer to Scenaria 3. How maify unemployment monthe will the 50,000 unemployed workers expenence in totalp fle. Bomeone who is unemployed for 6 months will count as 6 unernoioyment months, whereas someone who is unemplojed for 1 month will count as one unemployment monthy Question 13 Refer to scenario 3. What percentage of persons who are unwmployed are long term unemployed" ia that theit unenployment spells will last 5 or mere months? Question 14 Actor to scensiio 3. What percentage of uncmployment manths can be attributed to persons who ace lang-term themployed

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