If the unemployment rate decreases from 10% to 6%, what is the percentage decrea

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Question: If the unemployment rate decreases from 10% to 6%, what is the percentage decrease in the unemployment rate?

Options:

Correct Answer: 40%

Solution:

Percentage decrease = ((10 - 6) / 10) * 100 = 40%.

If the unemployment rate decreases from 10% to 6%, what is the percentage decrease in the unemployment rate?

If the unemployment rate decreases from 10% to 6%, what is the percentage decrease in the unemployment rate?

Step 1: Identify the initial unemployment rate, which is 10%.
Step 2: Identify the new unemployment rate, which is 6%.
Step 3: Calculate the decrease in the unemployment rate by subtracting the new rate from the initial rate: 10 - 6 = 4.
Step 4: Divide the decrease (4) by the initial unemployment rate (10): 4 / 10 = 0.4.
Step 5: Convert the result from Step 4 into a percentage by multiplying by 100: 0.4 * 100 = 40%.
Step 6: The percentage decrease in the unemployment rate is 40%.

Percentage Decrease – The calculation of the percentage decrease involves finding the difference between the original and new values, dividing by the original value, and multiplying by 100.