Q30.

Question

EMPLOYMENT For Exercises 27–30, use the graph that models the unemployment rates from 1975–2000.

Do you expect the unemployment rate to increase or decrease from 2001 to 2005? Explain your reasoning.

Step-by-Step Solution

Verified
Answer

We expect the unemployment rate to decrease from 2001 to 2005 because the graph is going downwards on the right end.

1Step 1. Given

Given graph is:

2Step 2. To determine

Do you expect the unemployment rate to increase or decrease from 2001 to 2005? Explain your reasoning.

3Step 3. Calculation

2001 means (2000 – 1975) = 26th year and 2005 means (2005 – 1975) = 30th year.

From the graph:

The graph is going downwards on the right side. So, after 25th year the unemployment rate will decrease. It means we expect the unemployment rate to decrease from 2001 to 2005.