The unemployment rate is an important measure of a country€™s economic health. The unemployment rate measures the percentage of people who are looking for work and who are without jobs. Another way of measuring this economic variable is to calculate the employment rate, which is the percentage of adults who are employed. Here are the unemployment rates and employment rates of 19 countries. Calculate the coefficient of determination and describe what you havelearned.

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Unemployment Employment Country Rate Rate Australia Austria Belgium Canada Denmark Finland France Germany Hungary Ireland Japan Netherlands New Zealand Poland Portuga Spain Sweden United Kingdom United States 6.7 3.6 6.6 7.2 4.3 70.7 74.8 59.9 72.0 77.0 68.1 63.2 69.0 55.4 67.3 74.3 65.4 62.3 53.5 72.2 57.5 73.0 72.2 73.1 8.6 5.8 3.8 5.0 2.4 5.3 18.2 13.0 5.0 4.8