The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. If 3.0 million workers change jobs every month, total monthly separations in this economy are (Round your response to one decimal place.) million. According to the figure, the average monthly flow out of unemployment each month is million. (Round your response to one decimal place.) In this economy in an average month, the proportion of unemployed leaving unemployment is %. (Round your response to one decimal place.) 5.0 Employment 127.5 million Unemployment 9.2 million 1.8 5.4 3.2 3.7 4.9 Out of the labor force 70.0 million
The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. If 3.0 million workers change jobs every month, total monthly separations in this economy are (Round your response to one decimal place.) million. According to the figure, the average monthly flow out of unemployment each month is million. (Round your response to one decimal place.) In this economy in an average month, the proportion of unemployed leaving unemployment is %. (Round your response to one decimal place.) 5.0 Employment 127.5 million Unemployment 9.2 million 1.8 5.4 3.2 3.7 4.9 Out of the labor force 70.0 million
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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