Question

In 2004, the number of unemployed people in a country decreased from 8.8 million to 8.1 million, while the labor force increased from 146.5 million to 147.4 million. By how much did the unemployment rate decrease?
a. 0.5 percentage point
b. 0.7 percentage point
c. 0.9 percentage point
d. 1.1 percentage point

Answer

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