Question

​"The unemployment rate has risen more than a percentage point to 8.9​% in February from 7.1% last​ November." What is the relative change in the unemployment rate expressed as a​ percentage?

Answer 1

If the  unemployment rate has risen more than a percentage point to 8.9​% in February from 7.1% last​ November, then the relative change in the unemployment rate expressed as a  percentage is 25.35%

Given,

The unemployment rate in February = 8.9%

The unemployment rate in November = 7.1%

The relative change in unemployment rate = [(unemployment rate in February - unemployment rate in November )÷ unemployment rate in November ] ×100

The relative change in unemployment rate= $(\frac{8.9-7.1}{7.1} )100$

=25.35%

Hence, If the  unemployment rate has risen more than a percentage point to 8.9​% in February from 7.1% last​ November, then the relative change in the unemployment rate expressed as a  percentage is 25.35%

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