After a financial crisis hits the country of Barbaria, 1 million people become unemployed. If 65 million individuals arelucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places.unemployment rate: 1.56%

We'll apply the formula you gave us to determine the unemployment rate:The formula for the…

Answered: After a financial crisis hits the…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

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After a financial crisis hits the country of Barbaria, 1 million people become unemployed. If 65 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places. unemployment rate: 1.56 %