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il63 [147K]
3 years ago
14

After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e

nough to keep their jobs, what is the unemployment rate
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

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