Waec Model Questions Vol1 2021 Economics Question 11
Practice objective / multiple choice question 11 from the 2021 Waec Model Questions Vol1 Economics examination.
The labour force of a country is 2,000,000 persons and the unemployment rate is 12%. Structural unemployment is twice the frictional unemployment. The government introduces a training programme that reduces structural unemployment by 1.5 percentage points and frictional unemployment by 0.5 percentage points, while the labour force expands by 2% due to higher participation. What is the new unemployment rate (in %)?
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 11. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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