Labor force Separation Finding (in rate 2010 2% 2015 3% rate millions) 23% 27% 200 210 Using the data in the table above and the "bathtub model" of unemployment, the change in the steady-state number of unemployed workers between 2010 and 2015 was million. (Round your answer to the nearest tenth.)

Labor force Separation Finding (in rate 2010 2% 2015 3% rate millions) 23% 27% 200 210 Using the data in the table above and the "bathtub model" of unemployment, the change in the steady-state number of unemployed workers between 2010 and 2015 was million. (Round your answer to the nearest tenth.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Separation Finding
rate
rate
2010 2%
2015 3%
23%
27%
Labor
force
(in
millions)
200
210
Using the data in the table above and the "bathtub model" of unemployment, the change
in the steady-state number of unemployed workers between 2010 and 2015 was
million. (Round your answer to the nearest tenth.)

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