Question

question 7 of 10
the number of a countrys unemployed workers decreased from 3.2 million to 2.5 million last year. if the countrys population remained constant at 74 million, how did its unemployment rate change last year?

a. it decreased by about 9%.

b. it increased by about 1%.

c. it decreased by about 1%.

d. it increased by about 9%.

Explanation:

Step1: Calculate initial unemployment rate

Unemployment rate is (unemployed / population) * 100. Initial unemployed = 3.2 million, population = 74 million. Initial rate: $\frac{3.2}{74} \times 100 \approx 4.32\%$.

Step2: Calculate final unemployment rate

Final unemployed = 2.5 million. Final rate: $\frac{2.5}{74} \times 100 \approx 3.38\%$.

Step3: Find the change in rate

Subtract final rate from initial rate: $4.32 - 3.38 = 0.94\% \approx 1\%$ decrease.

Answer:

C. It decreased by about 1%.