Waec Model Questions Vol1 2021 Economics Question 5
Practice objective / multiple choice question 5 from the 2021 Waec Model Questions Vol1 Economics examination.
At the start of 2025 a country has a labour force of 10 million people growing at 2 % per year. The unemployment rate at that time is 8 %. During 2025, 150,000 new jobs are created and 120,000 workers leave the labour force (through retirement, emigration, etc.). Assume that the workers who leave are representative of the labour force composition at the start of the year (i.e., the same proportion are unemployed as the overall unemployment rate). What is the unemployment rate at the end of 2025? Give your answer as a percentage rounded to one decimal place.
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 5. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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