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Given the below values of the job separation rate, s, and the fraction of unemployed workers...

  1. Given the below values of the job separation rate, s, and the fraction of unemployed workers that find jobs, f, find the number of unemployed workers, the number of employed workers, and the unemployment rate in each case. Assume that there are 200 million workers in the labor force:

    1. a) s = 2% and f = 23%

    2. b) s = 2% and f = 25%

    3. c) s = 1% and f = 23%

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