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If the unemployment rate decreased from 8% to 6% in a year, what is the percentage decrease in the unemployment rate? (2023)

Practice Questions

1 question
Q1
If the unemployment rate decreased from 8% to 6% in a year, what is the percentage decrease in the unemployment rate? (2023)
  1. 25%
  2. 20%
  3. 15%
  4. 30%

Questions & Step-by-step Solutions

1 item
Q
Q: If the unemployment rate decreased from 8% to 6% in a year, what is the percentage decrease in the unemployment rate? (2023)
Solution: Percentage Decrease = ((Old Rate - New Rate) / Old Rate) * 100 = ((8 - 6) / 8) * 100 = 25%.
Steps: 0

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