Gce Model Questions Vol1 2017 Economics Question 39
Practice objective / multiple choice question 39 from the 2017 Gce Model Questions Vol1 Economics examination.
In an economy the labour force is \(10\) million. The number of people employed is \(9.2\) million. The natural rate of unemployment is \(5\%\) of the labour force, of which structural unemployment accounts for \(2\%\) of the labour force. Calculate the cyclical unemployment rate.
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About This Question
This is Gce Model Questions Vol1 2017 Economics Question 39. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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