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Can someone explain this one? Give me the detailed solved progress. Thanks! Quiz

ID: 1157229 • Letter: C

Question

Can someone explain this one? Give me the detailed solved progress. Thanks! Quiz 3 Econ305 Summer Session 1 Cienna M Test:Quiz 3 Time Remaining: 00:14:50 Subn This Question: 1 pt 6019(8 complete) ? This Test: 9 pts p a Show Work The figure on the right shows the average monthly flows (in millions) between Employment 134.0 million economy. f 3.0 million workers change jobs every month, total monthly separations in this economy are million. (Round your response to one decimal place.) 4.3 2.6 According to the figure, the average monthly flow out of unemployment each 1.9 4.1 month ismillion. (Round your response to one decimal place ) 4.0 In this economy in an average month, the proportion of unemployed leaving unemployment is ?%. (Round your response to one decimal place.) Unedoloyment 7.6 millionlabor force 3.4 Out of the 76.8 million Enter your answer in each of the answer boxes. acBook Pro

Explanation / Answer

1) job separation is losing the job , so monthly separation is 4.3+4.1= 8.4 million people who were previously employed are not doing their job .

2.)3.4+1.9= 5.3

3)5.3/total unemployment

5.3/7.6 = 69.7%