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The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among involved people, 5 percent experience a breakup of their relationship every month. Among uninvolved people, 20 percent enter into a relationship every month. What is the steady-state fraction of residents who are uninvolved?

Fraction of Residents Uninvolved = percent

Review Section 6-1 for a discussion of labor market transitions and the natural rate of unemployment.
Review Section 6-1 for a discussion of labor market transitions and the natural rate of unemployment.
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