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
Using your preferred technique, identify a solution that addresses this concern while continuing to maximize the weighted total of the eco- logical score and scenic values g
Discuss how is the liquidity money (LM) curve derived and determine what impacts it and how does it impact the global economy? Provide examples and support your claims.
What are some ways public policymakers can reduce demand of cigarettes (shift of the demand curve)? Assume the government decides to implement the tax on cigarette manufactur
Could a private developer profitably build and operate the garage? Which of the two rates would it set? (Assume it faces the same demand, costs, and discount rate as the cit
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm.  Consider now that the entran
Suppose Suzuki increases the price of a particular motorcycle model by 12 percent and as a result the quantity demanded for that model decreases by 4 percent. Calculate the pr
Assume the absolute value of the price elasticity of demand for Nike shoes is 1.5. If the company decreases the price of each pair of shoes, total revenue will:A. Increase bec
Using the professional role development by Cohen, identify two goals of role socialization that you will work to achieve during this term. Describe a personal strategy for y