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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 million, (Round your response to one decimal place.) 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.) CI 1.7. Unemployment 10.7 million Employment 156.0 million 3.9 2.7 4.1 2.4 3.5 Out of the labor forces 71.7 millia

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 million, (Round your response to one decimal place.) 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.) CI 1.7. Unemployment 10.7 million Employment 156.0 million 3.9 2.7 4.1 2.4 3.5 Out of the labor forces 71.7 millia

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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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 million, (Round your response to one decimal place.) 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.) CITIE Unemployment 10.7 million Employment 156.0 million 3.9 2.7 2.4 3.5 Out of the labor force 71.7 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 million, (Round your response to one decimal place.) 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.) CITIE Unemployment 10.7 million Employment 156.0 million 3.9 2.7 2.4 3.5 Out of the labor force 71.7 million
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