If there were 30 million employed theralanders and, Ask an Expert

Economics

if Thereland had ajob separation rate of 4% and a stedy-state natural rate of unemplyment of 5% what would the job finding rate be ? %
A flu has hit the mministry of labor of theraland, incapacing the economist who usually calculate unemployment figures for the country, you have been recruited to fill in for them. each row in the table below represents a separate scenario of concern to the ministry. Fill in the table, assuming for each scenario that the economy in theraland is in stedy state.

If there were 30 million employed Theralanders and Theraland had a job-separation rate of 15% per month, explain how many people would find jobs each month? millions

If the job-finding rate were 40% per month, what would the average duration of unemployment be? months

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9273601

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