Answer the question.
-In Slackville, the unemployment rate was 20% last year and this year it is 24%. Which of the following statements is correct?
A) In absolute terms, the unemployment rate this year is 4 percentage points higher than last year and in relative terms it is 16.7% higher.
B) In absolute terms, the unemployment rate this year is 20 percentage points higher than last year and in relative terms it is 4% higher.
C) In absolute terms, the unemployment rate this year is 4 percentage points higher than last year and in relative terms it is 20% higher.
D) In absolute terms, the unemployment rate this year is 4 percentage points higher than last year and in relative terms it is 4% higher.
Correct Answer:
Verified
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