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 %

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
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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
%
Transcribed Image Text: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 %
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