Question

After the financial crisis that hits the country of Barbaria in 2012, a total of 9 million people are unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate

Answer 1

`25.71\%`

Explanation:

The Unemployment rate of a country is calculated as a fraction of its Labor force. In Barbaria,

Number of Unemployed =9 million

Number of Employed =35 Million

Labor Force = (9+35) Million =44 Million

`Unemployment Rate=\frac{\text{Unemployed People}}{\text{Labour force}} X 100\\=(9)/(35)X100\\ =25.71\%`

The Unemployment rate in Barbaria in 2012 was 25.71%.