If 15 million people are unemployed and 65 million people are employed, calculate the unemployment rate. Be sure that your answer is in percent, but do not include the percent sign. In other words, if your answer is 33%, just write 33. (Unemployment rates are often written to the nearest tenth of a percent, but I will not take off for rounding.)
If 15 million people are unemployed and 65 million people are employed, calculate the unemployment rate. Be sure that your answer is in percent, but do not include the percent sign. In other words, if your answer is 33%, just write 33. (Unemployment rates are often written to the nearest tenth of a percent, but I will not take off for rounding.)
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 9SQP
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If 15 million people are unemployed and 65 million people are employed, calculate the
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