Waec Model Questions Vol1 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2018 Economics Objective / Multiple Choice Medium Difficulty
Question 25 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

In a country with a labour force of 8 million, the overall unemployment rate is 12%. Frictional unemployment accounts for 2% and structural unemployment for 4% of the labour force. Calculate the number of people who are cyclically unemployed.

Answer Options

A. 640000
B. 800000
C. 320000
Correct Answer D. 480000
Correct Answer
D
Correct Option:
480000

About This Question

This is Waec Model Questions Vol1 2018 Economics Question 25. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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