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10 December, 10:43

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

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  1. 10 December, 10:59
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    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%
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