Ask Question
2 November, 06:15

After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 4 million people are unemployed. If 25 25 million individuals are lucky enough to keep their jobs, what is the unemployment rate

+4
Answers (1)
  1. 2 November, 06:42
    0
    13.79%

    Explanation:

    The formula to compute the unemployment rate is shown below:

    Unemployment rate = (Number of Unemployed workers) : (Total labor force) * 100

    where,

    Number of unemployed workers is 4 million people

    And, the total labor force is

    = 25 million + 4 million

    = 29 million

    So, the unemployment rate is

    = (4 million people) : (29 million people) * 100

    = 13.79%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 4 million people are unemployed. If 25 25 million ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers