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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

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Answer:

[tex]25.71\%[/tex]

Step-by-step 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

[tex]Unemployment Rate=\frac{\text{Unemployed People}}{\text{Labour force}} X 100\\=\frac{9}{35}X100\\ =25.71\%[/tex]

The Unemployment rate in Barbaria in 2012 was 25.71%.

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