Waec Model Questions Vol1 2017 Economics Question 16
Practice objective / multiple choice question 16 from the 2017 Waec Model Questions Vol1 Economics examination.
In an economy the labour force at the beginning of the year is 20 million and the number of employed persons is 18 million. During the year the labour force grows by 5 % while employment grows by 2 %. Frictional unemployment is 2 % of the labour force and structural unemployment is 3 % of the labour force. Calculate the cyclical unemployment rate (as a percentage of the labour force) at the end of the year.
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 16. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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