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saw5 [17]
4 years ago
5

After the financial crisis that hits the country of cinfuria in 2008, 1 million people become unemployed. if 35 million individu

als are lucky to keep their jobs, what is the unemployment rate? please specify your answer to two decimal places.
Business
1 answer:
Simora [160]4 years ago
7 0
Given that after the financial crises the number of people who lost their jobs is 1 million and that of people remained employed was 35 million, then the unemployment rate will be:
(Number of people who are employed)/(Number of people who are unemployed)
=(1000000)/(35000000)
=0.029
=2.9%
The unemployment rate is 2.9%<span />
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