Bell-land's economy had an unemployment rate of 3% then the economy went into a recession and the growth rate decreased by 3%. What will happen to the unemployment rate? Group of answer choices It will increase to 4% It will increase to 6% It will decrease to 1% It will not cha
Bell-land's economy had an unemployment rate of 3% then the economy went into a recession and the growth rate decreased by 3%. What will happen to the unemployment rate? Group of answer choices It will increase to 4% It will increase to 6% It will decrease to 1% It will not cha
Bell-land's economy had an unemployment rate of 3% then the economy went into a recession and the growth rate decreased by 3%. What will happen to the unemployment rate? Group of answer choices It will increase to 4% It will increase to 6% It will decrease to 1% It will not cha
Bell-land's economy had an unemployment rate of 3% then the economy went into a recession and the growth rate decreased by 3%. What will happen to the unemployment rate?
Group of answer choices
It will increase to 4%
It will increase to 6%
It will decrease to 1%
It will not change.
Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.
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