Gce Model Questions Vol1 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2018 Economics Objective / Multiple Choice Medium Difficulty
Question 27 GCE_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

The unemployment rate in Country A is 8% and the natural rate of unemployment is 5%. The labour force consists of 20 million people. (i) Calculate the total number of unemployed workers. (ii) Calculate the number of workers who are cyclically unemployed. (iii) Briefly explain one macro‑economic policy that could reduce cyclical unemployment.

Answer Options

A. 500,000 cyclically unemployed workers.
B. 800,000 cyclically unemployed workers.
Correct Answer C. 600,000 cyclically unemployed workers.
D. 1,200,000 cyclically unemployed workers.
Correct Answer
C
Correct Option:
600,000 cyclically unemployed workers.

About This Question

This is Gce Model Questions Vol1 2018 Economics Question 27. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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