What is the average duration of unemployment
Course:- Microeconomics
Reference No.:- EM13700148

Assignment Help >> Microeconomics

In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed.

A. What is the country’s unemployment rate?

B. What is the average duration of unemployment?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Suppose that there are n bidders participating in a First Price Auction. Each bid- der's private valuation is independently drawn from the interval [0, 1] according to th
Which of the following fiscal policy changes would have a larger overall negative impact on AD and RGDP? Explain your answer in a paragraph or two with credible logics an
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4
Surveillance cameras have caught prison inmates teaching other inmates how to disarm a police officer. Apply Sutherland's Differential Association theory to the prison subcu
Briefly describe the plot of a disaster movie in which an electromagnetic pulse causes the shutdown of all electronic equipment and financial activity to grind to a halt.
If the value of A is 10, and there are 100 units of K and 400 units of labor, what is the value of output equal to in this economy?  Show your work. Given the values in part
To isolate the effects of advance purchase, the itineraries should depart and return the same days of the week at approximately the same times of day. Try to avoid the influ
Presume a person has $80 to spend only on two products: x and y. X cost $4 each, and Y cost $1 each. This person has preferences for X and Y given by What is the utility-maxim