Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 million people are unemployed. If 35 million individuals are

image text in transcribed
image text in transcribed
image text in transcribed
After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 million people are unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places. Unemployment rate= % The labour force is comprised of the number of people counted as employed, unemployed, and discouraged workers. the number of people counted as full-time employees. the number of people counted as employed and the number of people counted as unemployed. the number of people counted as either full-time or part-time workers. The overall population for Region A is 93 million people. The labor force contains 40 million people, 35 million people are employed, and 5 million are unemployed. What is the unemployment rate? Round your answer to two decimals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Medical Audits In Developing Countries The Challenges And Solutions

Authors: Hussein Lesio Kidanto

1st Edition

9783639300338, 978-3639300338

More Books

Students also viewed these Accounting questions

Question

How does energy move through a food web?

Answered: 1 week ago