Answer:
2 million individuals will lose their jobs each month
Step-by-step explanation:
From the question, we are told that the total population is 100 million individuals.
we are also told that separation rate = 0.02 per month
the job-finding rate = 0.10 per month
The individuals who lose their jobs is the same as the individuals with job separation, hence the number of individuals who lose their jobs each month:
= 0.02 × total population
= 0.02 × 100,000,000 = 2 million individual, which is 2% of the total population.
