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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.
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 2010 is 0. Then. suppose that in january 2011 and every month that follows, 58 workers become unemployed for 1 month, 24 become unemployed for 2 months. 13 become unemployed for 3 months and 14 become unemployed for 'I 3 months. a. when will the economy reach its steady state? Month: December ' 0 IEWEPE'F = January Year: 2011 - 0 IEEEfF: 2012 b. At the steady state. what is the unemployment rate? Express your answer in percentage rounded to the nearest rst decimal. m9 0 IEEE'F: 32- T c. At the steady state. what is the incidence? Express your answer in percentage rounded to the nearest rst decimal. 0 IEEEiE'F: 10. 9 d. At the steady state. what is the average duration {in months]? Express your answer rounded to the nearest rst decimal. 0 IEE'PF: 3 e. At the steady state. what is the proportion of unemployed workers in each duration group [1 month, 2 month, 3 months and 13 months]? Express your answers in percentage rounded to the nearest rst decimal. 1 month: 0 Ei: 11.? 2 month: 0 IEEiiF: 14-? 3 month: 0 EE'PF: 11.9 13 month: 0 IEEEi'F: 55. T
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