Waec Model Questions Vol1 2023 Economics Question 9
Practice objective / multiple choice question 9 from the 2023 Waec Model Questions Vol1 Economics examination.
In a country with a labour force of 8 million, the natural rate of unemployment is 6%. Due to a recession, the actual unemployment rate rose to 10%. The government subsequently creates 200,000 new jobs, assuming the labour force size remains unchanged. What is the new unemployment rate after the job creation?
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Economics Question 9. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.