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Business, 18.03.2021 01:50 potaetoo6879

The labor force (sum of employed and unemployed workers) is fixed at 120 million. Each month, 2% of the workers who are employed at the beginning of the month lose their job, and 10% of the workers who are unemployed at the beginning of the month find a job. Assume that in January the number of workers without a job (unemployed) are 10 million. How many workers will be unemployed in March, that is, two months later

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The labor force (sum of employed and unemployed workers) is fixed at 120 million. Each month, 2% of...

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