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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

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
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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
Transcribed Image Text: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
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