Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

If the steady-state rate of unemployment equals 0. 125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be

Sagot :

hendrixakiyah12

Answer:

Explanation:

125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be.

The fraction of the employed workers who lost jobs at the end of each month should be 0.08

What is unemployment rate?

The unemployment is the situation in the working environment which shows the number of educated candidates who are still ideal and does not possess any job.

Computation:

[tex]\begin{aligned}\text{Rate}&=\dfrac{\text{f}\times\text{Um}}{( 1-\text{Um})}\\\\& = \dfrac{0.125\times( 0.56)}{( 1- 0.125 )} \\\\& = 0.08\end{aligned}[/tex]

were,

f is rate of job finding

Um is the unemployment rate

Therefore, the rate of job separation is 0.08

Learn more about unemployment rate, here:

https://brainly.com/question/15732163

#SPJ1

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.